ERDF

Precision Investment Castings Ltd: Establishing a 3 year strategy for growth

13th

March

Category

Growth Service

13th

March

Category

Growth Service

Precision Investment Castings Ltd is one of the companies working with the Hub's Growth team to implement a defined growth strategy.

Precision Investment Castings was founded in 1950 and now has over 100 employees and a £6million turnover. One of the longest established manufacturers of investment castings in Europe, they are also one of only a few with the capability to produce high integrity castings in both aluminium and steels from one location. Investment castings are produced for all types of industries including aerospace, defence, medical, electronics, transport, mechanical equipment and general engineering and can be supplied fully machined, treated and ready for assembly.

PI Castings came to the Business Growth Hub in 2013 when they were in the process of completing a strategic review of the business. They wanted to develop a three year plan that focused on all areas of growing the business, looking in particular at increasing their international trade. The Hub’s Growth team worked with Managing Director Jon Badrock to provide strategy development and business planning support and also introduced Jon to UKTI to provide the export and international trade advice that was needed to formulate the growth plan.

As a result PI Castings has now clarified and established its three year strategy for growth in order to take their turnover to £9 million in year three. As part of the growth journey, they will be increasing their exports of existing and future products and technologies. The Hub is also continuing to work with PI Castings to provide strategic support and a 12 month review of deliverables and performance in order to continuously achieve their objectives.

Jon Badrock said: “Yousef Taktak of the Hub’s Growth team has been facilitating this process and his support and advice have added a great deal of value to the process and allowed us to formulate our strategy much more effectively than would otherwise have been possible. Yousef has understood the challenges facing our organisation and delivered useful advice about the resources, people and organisations that are able to provide support. His enthusiasm and expertise have been critical in helping us to define the strategic direction of the business and I would have no hesitation about recommending Yousef or the Business Growth Hub to any other company.”

To find out more about the Hub's Growth Service and other ways we can support your business growth plans, contact the team by email or on 0161 359 3050

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