Global hardware giant posts mid-term financial results
Posted on 16/11/2017
One of the UK’s largest and longest running hardware manufacturers has posted its mid-term financial results.
The figures reveal that Caldwell UK is on-course to end the year having significantly increased turnover on the previous year, with the final results to be announced in December.
This is a major achievement, considering the economic and industry climate.
David Walker, who is Caldwell’s Managing Director, comments: “When you consider macro-economic factors such as Brexit and the general election, the results are pleasing.
“At a customer level, we have also brought on a record number of new accounts. This has been partly offset though by a dip in demand for some products, from a small number of existing customers. This has been due to what seems to be a national decrease in consumer spending on new windows and doors.”
David says that demand for its core offering of products for the vertical sliding sash window market has remained strong though, with the recently upgraded Ultra Lift 6 and Torso II proving to be very popular with manufacturers.
In 2017 Caldwell has also invested heavily in resources and infrastructure, launching its new robotic bi-fold testing facility, which tests the strength and durability of bi-folding doors and their hardware.
The business is also set to launch a state-of-the-art automated cyclic door testing rig, to test resistance against security attacks and ensure PAS24 compliance.
David concludes: “In any market, when it gets tough there is a temptation for companies to switch to a ‘cheaper’ supplier but it’s always important to ask what that supplier offers - is it the very best products, is it support and added value and will the products they have supplied have longevity? If they end up failing, you will pay more in the long-term to replace them. We’re proud to invest in the very latest technology and products, as it gives our customers a world-class service that is bespoke to them.”
For more information please call 024 7643 7900 or visit www.caldwell.co.uk