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Godfrey Syrett announce plans to target £40 million turnover by 2020

1st September 2015, 10:23am

Spurred on by a record-breaking month in July, when we secured orders amounting to £4.4m, we have recently announced plans to increase our turnover to £40m by 2020 and create 20 new jobs. 
 
We are developing a long-term growth strategy to target the North East commercial sector to help us reach our £40 million turnover target.
 
Managing director, Neil Tweddle, said: “Over the years we have built up many successful partnerships within the education and public sectors.  We now have an exciting five-year growth plan to expand into the North East commercial market to offer furniture solutions to corporate occupiers.  This is a sector where we see significant potential that we haven’t previously explored, and given the improving economy we feel now is the time for us to take advantage of this opportunity.”
 
We have been investing heavily in the business to secure future growth and have recently completed an £850,000 investment in a brand new fleet of eight purpose-built delivery vehicles, which travel in the region of 47,000 miles per month throughout the UK. 
 
We have also acquired a new site at Belmont Industrial Estate in Durham, which will double our distribution space to accommodate expanding operations. The new site is currently undergoing a six-figure refurbishment and will replace our existing distribution facility when it opens in January.
 
Neil added: “We are now investing heavily in the business to cater for future expansion, and having our own delivery fleet demonstrates our commitment to ensuring the highest level of service from design through to installation. With the acquisition of our new site in Durham and a new showroom ready to launch, now is a very exciting time for Godfrey Syrett.”