Perrin & Rowe has seen an upturn in sales despite reports of falling confidence among UK manufacturers following Britain’s decision to leave the European Union.
The latest PMI survey for Britain's manufacturing industry showed the sector had slumped to its lowest level for more than three years, hitting 48.2 in July, down from 52.4 the month before, as it counted the cost of Britain's decision to ditch the EU.
Perrin & Rowe however is seeing its order book fill up quickly after being boost by the weakening pound following the Brexit vote. It is also attracting more work from North America, the Far East and Australasia.
David Cole, sales director at Perrin & Rowe, said: “Despite the reports of a drop in confidence in the UK Manufacturing industry post-Brexit, we are pleased to report on highly positive results for July and the start of August.
“We carry out all our manufacturing here in the UK and in comparison to other markets sell very little product into mainland Europe – our revenue mainly comes from the UK, USA, Canada, Australia and New Zealand and more recently the Far East.
“In these areas we are unaffected and still have growth opportunities and in some cases the weak sterling has made us more attractive to purchasers. In terms of purchasing, the costs of our raw materials will increase as we purchase a lot of these components from Germany, however the Euro hasn’t changed that much from its average value so it’s not really going to impact us that much.”
Formed in 1978, Bob Perrin & Greg Rowe launched Perrin & Roe in a bid to manufacture high quality brassware right here in the UK.
The company’s award-winning products are now exported to over 20 countries including Europe, Russia, North and South America, the Far East and Australasia.
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