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Cotswold Manufacturing, in Thornaby, looks to create new North-East jobs
A GROWING North-East door maker has unveiled ambitious plans to double turnover and create new jobs after a £750,000 investment.
Cotswold Manufacturing, in Thornaby, near Stockton, has built a new manufacturing centre to make timber doors and screens for schools, hospitals and offices.
Bosses say the expansion, which has already created 14 new posts, means the eight-year-old firm can now make doors at its Teesside base, instead of buying them in.
The move comes as Cotswold, which employs 52 workers, revealed sales of doorsets for October had increased by £100,000 year-on-year, and expects to see last year's £5m turnover grow to £8m this year, and up to £10m the following year.
Ken Napper, Cotswold director, said making doors on site would allow the company to build on its reputation for supplying quality products.
He said: “I’m very excited about our developments, and our business is going from strength to strength.
“We will definitely be taking on more staff next year because of the way business has picked up, and being able to make the whole product under one roof has given us greater control in many aspects of the business.
“The move has re-shaped us and strengthened our plans.”
Mr Napper also praised accountants and business advisers, Clive Owen and Co, based in Darlington, which helped the company with its expansion.
He said: “Their expertise was crucial and getting the forecasts ready for the manufacturing centre so promptly and thoroughly undoubtedly made a difference.”
John Davison, Clive Owen and Co's associate director of business planning, said the firm was proud to have played a role in Cotswold's continuing growth.
He said: “To create a new manufacturing centre was certainly a bold move, but we knew Ken and his team would make it successful.
“We wanted to ensure we helped get all the figures in place and prepared a clear cash flow analysis.
“That ensured Ken had financial support to help him move forward, and it is great to see the results of those efforts.”
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