Success for Geometric Manufacturing Ltd is growing through innovation. They were crowned the Growth Business of the Year at the Gloucestershire Live Business Awards 2019. We reflect on why they won the category.
Key business points:
- Computer Aided Manufacturing company founded by father and son Brian and Paul Wenham in 2002.
- Total workforce of 45 across two Tewkesbury based sites, with the original in Bredon and the second site following the acquisition in March 2019 of a rubber moulding business, BS Elastomers Ltd, which has been integrated into Geometric.
- Geometric manufacture machined parts and rubber mouldings for a wide and diverse range of industries and sectors, but are specialists in producing complex components for the defence industry, particularly in the area of force protection equipment. Other uses of their products include robotics and automation, cyber security equipment, and parts for the rail industry.
The winning entry:
The innovation led manufacturing company has enjoyed much success and now enjoys strong demand for its products from many world-leading customers.
The business has seen a staggering revenue growth of 493% over the last seven years, including 50% year-on-year for the last two years.
Recognising the need to install a skilled and multi-talented Senior Leadership Team, Paul has been building the Board of Directors as well as revenues. In 2014 when Brian retired a Production Director was hired, and after some major contract wins in 2018 and 2019 a Quality Director, an HR Director, and a non-Executive Chairman joined. The acquisition of the rubber moulding business necessitated the recruitment of a Divisional MD and the total headcount has grown steadily in line with revenue growth over recent years.
Geometric has invested heavily in new, state of the art machinery, with the total investment in excess of £2.5M over the last three years. This has allowed the introduction of new innovation in manufacturing methods, which have in turn led to significant improvement in employee productivity.
Their products continue to be core parts of their amazingly clever customer’s solutions. Geometric take huge satisfaction in knowing that they help businesses, especially those based in and around Gloucestershire, to remain at the forefront of their markets on an international stage.