24th March 2020
Worcester-based container manufacturer, Egbert Taylor, has revealed business growth of 4.4 per cent after the firm boosted revenue from £12.8m in 2018 to £13.4m in 2019 and reported an EBITDA of £753,000.
These positive results were achieved by focusing on ‘growing turnover, sustained gross margins and tight controls over operating costs and overheads’, according to CEO Brendan Murphy.
Egbert Taylor’s announcement comes as many UK manufacturers battle with supply chain issues and the inadequate provision of raw materials from overseas as a direct result of the Coronavirus pandemic.
On reporting a positive year for the firm, Brendan comments: “Whilst we have continued to keep a close eye on costs there are two key areas that have driven growth. Firstly, international demand for products under the Taylor brand continues to grow year on year. Secondly, our commitment to sourcing 90 per cent of raw materials from within the UK has reduced our exposure to international supply chain volatility.”
The business’s export division now accounts for 47 per cent of container sales, up from 21 per cent in 2018. Its sustainable procurement policy, which sees Egbert Taylor source materials from suppliers situated as close as 25 miles to its Oak Park manufacturing site, has become a core component of its growth strategy over recent years.
Brendan concludes: “Last year was an exceptional year for the business and we’re delighted with the results. However, the current pandemic means that we’ve now entered a period of uncertainty. As a result, it’s important that we continue to be prudent over the next 12 months as Egbert Taylor, like many other businesses, manages the fallout from the Coronavirus while providing continuity of service to its domestic and international customer base.”
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