Yorkshire stairlift supplier Acorn Mobility has clocked a record year for sales which saw its turnover rise from £150m in 2015 to £177m in 2016 – a near 20% rise.
Both its post-tax profits and sales were up around £3m and it now employs about 100 more staff than it did in 2015. Gross profit margins also increased thanks to strong cost control arising from sales growth.
Acorn said that as it enjoys rapid growth the key operational challenge is to ensure that the supply chain is able to cope and that the group maintains compliance with local market requirements.
Directors said: “Strong and integrated inventory management systems and regular forecasting shared with key suppliers ensures that the entire supply chain from factory through to install are aware of and able to respond to the growth requirements.”
The group said that procedures are in place to keep product costs down and at the same time is targeting ambitious sales growth.
The company, which has two sites in Yorkshire, manufactures, sells and installs its products globally and continues to invest in new territories. It did spend around £30,000 less on research and development in 2016 than in 2015 but promises to maintain investment in this area.