(l-r) Paul Schofield, Chairman of Union Industries Employee Ownership Trust with Andrew Lane, Managing Director of Union Industries
Employee-owned manufacturer Union Industries is celebrating a record year for sales and its most profitable trading year ever.
Union Industries, the Leeds-based manufacturer of industrial doors, has announced its second record sales year in a row, with an increased turnover and its most profitable trading year to date.
Union Industries' results for the 2016/2017 financial year included a £7.4m turnover, an increase of around 27% from the previous year, with a profit of £1.1m.
A proportion of the company’s profit is distributed as an Employee Ownership bonus and shared equally among full-time employees. This amounted to a tax-free sum of £3,600 for each employee, regardless of their position in the company.
The company has also invested £350,000 in new machinery to strengthen its leading position as a high-quality British manufacturer.
It has also enhanced its service offering, increasing the number of blue-chip companies that the company works with. A particular highlight for the company was becoming a main supplier of doors for Lidl’s retail distribution centres across the country.
Union’s doors are mainly installed in distribution centres, warehouses, factories and storage facilities to improve logistics and help maintain environmental conditions for companies across the UK and Europe.
Andrew Lane, managing director of Union Industries, said: “Union’s half-year results suggested that the company would be on track for a successful year and our final results have not disappointed.
"Our increased service offering has significantly contributed to our record year, but it’s also down to hard work and our team being proud of and believing in our employee-owned company.”
“Union is at the heart of British manufacturing and works closely with other like-minded companies to build our presence across key markets.
"We have been able to this by delivering the best possible service, constant innovation and a commitment to the highest quality.
"This is borne out by the growing number of repeat customers we engage with on a regular basis.”
Paul Schofield, former owner and current chairman of Union Industries Employee Ownership Trust, added: “Union Industries has established itself as a Great British manufacturer and the year-end results only strengthen its position at the forefront of the market.
“Making the decision to transition into an employee-owned business has added a unique element to the company. Everyone at Union is personally invested in its future and we have gone from strength to strength ever since.”
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