Universal Components investment unlocks 100 jobs

Universal Components investment unlocks 100 jobs

A Sheffield-based commercial vehicle part supplier will bring 100 more jobs to the region over the next five years, after Yorkshire Bank helped finance equipment purchase.

Universal Components, which currently employs 135 staff, has made significant investments in the company over the past 12 months, recently making a long term commitment to a brand new 165,000ft purpose built premises in Barnsley that is due for completion mid-2016. 

Since then the firm has gone on to secure a £5m term loan, to purchase new equipment for the warehouse.

A new state-of-the-art training centre within the facility will allow them to increase the skills and capabilities of current employees at all levels, while giving them the opportunity to train up more staff as the company continues to grow.

Specialising in the procurement and sale of trucks and trailer parts for commercial vehicles, Universal Components has grown into a £29m turnover business and is now on track to increase annual turnover to around £50m over the next five years.

Its current customer base includes a network of around 350 commercial distributors and it exports to more than 30 countries in Europe, Africa, the Middle East and Asia.

David Kernahan, CEO of Universal Components, said: “Our philosophy has always been the customer is king and we ensure everything we do is geared to meet and surpass our buyers’ needs.

"Our new training facility will ensure we can continue delivering that philosophy while the company continues to grow.

Yorkshire Bank’s Steve Roe, said: “We are proud to support Universal Components, a long-standing customer which continues to seek new opportunities to grow.

"A strong, well-managed business, Universal Components makes an important contribution to the local economy by supporting a significant number of jobs in the region.”