ABT Loadmac are flying the flag for Herefordshire manufacturing.
“1000 Companies to inspire Britain” is a celebration of the fastest growing and most dynamic small and medium-sized enterprises (SME’s) in the UK. The report examines opportunities and the challenges that face SME’s, while highlighting the industries and trends that will possibly shape the future for the UK economy.
Manufacturing, alongside the construction and engineering industries, now accounts for exactly a quarter of the 1000 companies to inspire Britain, and is the top five in overall performance and job creation. However, as manufacturing returns as the lion of the British economy, companies are faced with the challenge of creating state of the art production facilities while at the same time offering innovative products and services to cope with the changes and challenges in the UK and global markets; and it is here that local manufacturer ABT Loadmac have excelled.
Chosen as one of the 1000 companies to inspire Britain, ABT Loadmac based in Ross-On-Wye, are also among the top 50 best performing SME’s in the country and the UK’s leading Cab, Chassis and Rollbar manufacturer as well as being the only Truck Mounted Forklift designer and manufacturer based in the UK. Despite the tough economic conditions ,ABT Loadmac have experienced strong growth, tripling their revenue in the past four years.
Mark Hignett, Chairman of ABT Loadmac attributes this success to “continuously scanning for appropriate new opportunities in order to grow sales, before trusting the experienced, hard working engineers to manufacture the innovative customer based products”. Mark went on to say “we adapted and flexed our manufacturing capacity and were able to provide rapid response to the erratic product demand of our customers.”
As a result of continued growth with both UK and global customers, ABT Loadmac have invested heavily at their Ross-On-Wye manufacturing operation. Existing facilities have been substantially improved during the last 3 years plus new CNC machines and surface finishing facilities have been added. Significant time and investment has also been spent in the all-important areas of R&D, workforce skills training and the recruitment of key personnel.
The success of high growth companies tends to be based on innovation rather than strict cost control, which is evident in the overall investment and in the fact that the jobs being created at ABT Loadmac are highly skilled and well paid. Success has also brought about exciting changes within the management team with local man, Tim Morris, recently being promoted to the role of Managing Director.
“For somebody who was born and raised in Ross-On-Wye, this is a huge honour for me” commented Tim. “After attending my local school and college I first worked at ABT whilst in my third year at University before joining full time in 2002 to work in the design office before becoming design manager and then design and project manager”.
ABT Loadmac are aiming to become the obvious first choice for customers in their field, and as a result, expect to increase the workforce by 40% over the next 5 years, something Tim is looking forward to being a part of. “We are extremely proud of our local heritage, therefore we want to give back as much as we can to the community. With this in mind, we are planning to incorporate an ABT Loadmac based apprenticeship scheme, focusing on developing the skills needed to deal with the exciting challenges within the manufacturing industry.
We are working in partnership with local schools and colleges to provide opportunities for positive, hard working individuals to develop their skills and experience working with an award winning local company dedicated to developing the lion of the British economy, the Manufacturing Industry.