A YORKSHIRE firm is on track to break the £20m annual sales barrier after developing new technologies with support from its global customer base.
Lambert, which is a provider of automation systems, equipment engineering and precision components, is reaping the benefits from investing £250,000 into its innovation centre.
The Tadcaster-based company has snapped up a host of contracts on the back of this commitment to innovation. As a result, the firm’s turnover has grown from £10m in 2010 to £19.9m in 2014.
Backed by a long-standing relationship with the Business Growth Service, the company has also been able to create 75 jobs and increase export activity to nearly 70 per cent of its total turnover.
“We are always looking at bringing the next technology step change to market and it is this approach that has allowed us to expand globally,” said Warren Limbert, the firm’s managing director.
Lambert’s 183-strong workforce includes eight apprentices.
The Business Growth Service, which incorporates the Manufacturing Advisory Service and GrowthAccelerator, has played a significant role in Lambert’s growth over the last seven years.
Manufacturing analyst David Whiteley initially worked with the firm to complete an environmental study.
He went on to carry out funding consultancy work to develop the skills of the management team, and he has also helped to draw up a rolling strategic business plan.