Building products maker smashes target
Updated 8:00am Thursday 12th June 2014 in Business news
A North Yorkshire building products manufacturer has smashed its financial targets and is now working towards a £15 million turnover ambition.
Cromar Building Products in Whitley Bridge, near Goole, reported sales of £13.5 million in the year to 31 May 2014, up from £10.8 million in 2013.
Managing director Mike Marshall said he now expected turnover for the business, which was founded in 1997, to hit £15 million in 2014/15 as it continues its "plan of controlled growth".
He said: "Over the last two years we have added a number of strings to our bow, and we intend to keep going."
Cromar Building Products is a maker of breathable roof underlays and has owned the formula for a fast selling acrylic roof coating since 2002. In 2012, it launched a glass fibre roofing system for flat roofs.
Mike Jackson, partner at Barber Harrison & Platt, who is an adviser to the company, said: "Cromar bucked industry trends during the recession, and has continued to grow during the recovery.
"Now, the strength of its offering is so great that one in three roofs in the UK currently uses a Cromar product."
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