Revenue climbs past £15m as Platinum Stairlifts reaches new heights

Image credit: Platinum Stairlifts

A stairlift manufacturer based in Yorkshire has achieved record sales of nearly £16m in its last financial year after a particularly strong period trading in both domestic and export markets.

Platinum Stairlifts, which has been steadily increasing revenue in the last few years, achieved an operating profit of nearly £3m in the year ended 31 March 2017, according to the latest figures filed with Companies House.

Meanwhile, gross profit grew by more than £1m as a result of improved cost controls and a more stringent approach to managing supplier relationships.

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The company also increased its size to 112 staff members in the period and upskilled members of the team as part of its strategy to support growth and new product ranges.

In the last five years Platinum has nearly doubled its turnover, largely thanks to former CEO Rod Blacka, who passed away suddenly in 2016.

In the future, Platinum has pledged that it will continue to invest in new products to try and broaden its product range.

The company says its mission is to “provide the most reliable stairlifts in the market, in the quickest possible time, backed up by the highest level of customers service and support”.

Platinum’s product portfolio, which it sells via selected dealer partners in the UK and internationally, includes the Curve, the ERGO, the Horizon and the Eco Curve.

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