Record year for Futura Group

Record year for Futura Group

Oldbury-based Futura Group is celebrating its best year of trading in its 28-year history after securing a string of major contracts.

The group saw sales soar past the £25m mark last year after landing contracts with car makers including Bentley, Jaguar Land Rover, VW Group and McLaren.

Over £3m worth of orders were secured in 2015 leading to the creation of 50 new jobs in the UK, a number of which are apprentices and graduates.

Futura has received a major boost from its new state-of-the-art studios in Oldbury and Wootton Wawen in Warwickshire helping it work with OEMs on developing new interior and exterior solutions to improve both comfort and performance.

Paul Cadman, group managing director, said: “There are numerous facets to Futura, but all businesses across the group have the same ethos that focuses on innovation, nurturing creativity and encouraging people be the best they can be.

“The recent growth has been driven by the development of our studios, with the design departments of all of the UK’s major automotive OEMs taking full advantage of Futura’s model creation capabilities.

“We have built a team with the skill set and knowledge to cover all aspects of product design and we can provide every service that a customer may require in their development plan, including CAD engineering, 5-axis CNC, 3D printing, clay, digital and hard modelling.”

Backed by significant funding from the Regional Growth Fund and Green Bridge, Futura Group has invested more than £2m on creating two state-of-the-art facilities in the Black Country and Warwickshire.

This means the company can call upon five design studios, two workshops, 3 paint booths, a 5-axis large bed CNC machine and dedicated trim and body departments.

It has also recently launched its own training academy that will take on and train up to 25 apprentices and graduates every year.

Employing 290 people across the group, Futura is aiming to turnover £28m in 2016, with a specific focus on growing on its export business that currently accounts for 20% of sales.