24th March 2020
Worcester-based container manufacturer, Egbert Taylor, has revealedbusiness growth of 4.4 per cent after the firm boosted revenue from £12.8m in2018 to £13.4m in 2019 and reported an EBITDA of £753,000.
Thesepositive results were achieved by focusing on ‘growing turnover, sustainedgross margins and tight controls over operating costs and overheads’, accordingto CEO Brendan Murphy.
EgbertTaylor’s announcement comes as many UK manufacturers battle with supply chainissues and the inadequate provision of raw materials from overseas as a directresult of the Coronavirus pandemic.
Onreporting a positive year for the firm, Brendan comments: “Whilst we havecontinued to keep a close eye on costs there are two key areas that have drivengrowth. Firstly, international demand for products under the Taylor brandcontinues to grow year on year. Secondly, our commitment to sourcing 90 percent of raw materials from within the UK has reduced our exposure to internationalsupply chain volatility.”
The business’s export division now accounts for 47 per cent of container sales, up from 21 per cent in 2018. Its sustainable procurement policy, which sees Egbert Taylor source materials from suppliers situated as close as 25 miles to its Oak Park manufacturing site, has become a core component of its growth strategy over recent years.
Brendanconcludes: “Last year was an exceptional year for the business and we’redelighted with the results. However, the current pandemic means that we’ve nowentered a period of uncertainty. As a result, it’s important that we continueto be prudent over the next 12 months as Egbert Taylor, like many otherbusinesses, manages the fallout from the Coronavirus while providing continuityof service to its domestic and international customer base.”
