Mobility aids supplier, Aidapt, saw sales grow by 13% to more than £13m last year thanks largely to the company taking on more equipment contracts with local councils.
The supplier’s turnover increased by £1.5m while its operating profit grew by 14% (£160,000) compared to 2016, according to accounts filed for the year ended 31 December 2017.
Aidapt’s latest annual report stated that its bosses, Mark and Catherine Benyon, were “satisfied with the results” and are “optimistic” for the coming year.
The report noted that because most of Aidapt’s products are brought in from the Far East, the lead times can be “a number of months”. To ensure there is no delay for its customers it has aimed to hold sufficient stock at its UK base in Merseyside.
Aidapt was founded in 1990 and is now a significant manufacturer and distributor of mobility equipment in the UK market. It also has sites in Europe, Hong Kong, the US and Canada.
The company supplies a growing network of distributors worldwide with its range of mobility equipment, as well as working with local authorities and PCTs throughout the UK.
On top of its trade customers, Aidapt sells directly to end-users via its e-commerce website.
The company is part of the Holmpatrick group of companies, which also includes Chiltern Invadex.
The group’s sales grew to more than £33m in 2017, a 10% increase on the previous year, thanks to securing distribution contracts with large retailers.
The group’s operating profit reduced by £36,000 to £2,300,000.
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