Directors at a Lincoln based manufacturing and distribution company are projecting turnover will top the £4 million mark this year.
The Greenstock Lamp Company revealed that, whilst it hasn’t escaped challenges brought about by the Coronavirus pandemic, including delays in component deliveries due to disruption in the international supply chain, it is upbeat about the future and poised to invest in its processes before Christmas.
Operations Director Stuart Raffles: “We believe we shall achieve a 20 per cent lift in our business compared to the pre-Covid period and that upturn in growth will be led by our OEM (original equipment manufacturer) division.
“To that end we are delighted to be investing £100,000 in an additional over-moulding machine, which should be operational in December.”
Meanwhile, Lincoln-headquartered Red Recruitment 24:7, which supplies temp to permanent staff to Greenstock, said the firm’s upbeat outlook is good news for sales and potential new jobs.
Greenstock, which is based in 12,000 sq ft premises off Whisby Road, Lincoln, employs nearly 50 people, including 20 busy outworkers. This diverse company has three divisions, making it attractive to customers across a wide range of industries, including those in the health, leisure, retail and food production sectors.
“Specialising in Cable Harnesses and Over-moulded products, our OEM division accounts for 80 per cent of our business. Known as “Greenstock in-connect”, it provides solutions for industries ranging from the marine to automotive, construction, utility metering and medical,” said Stuart.
“We particularly enjoy working closely with companies which are keen to bring new products to market. They will typically contact us at an early stage to discuss a design concept and we can get involved and develop and make bespoke connectivity or encapsulation products for them. Building a long-term relationship in this way is very satisfying,” said Stuart.
Greenstock Lighting and Greenstock “Shatterproof” each account for a further 10 per cent of the company’s manufacturing output.
The lighting division’s LED spot and flexible strip lighting systems are popular with retailers looking for sensitive product lighting. Greenstock products are fitted into caravans and mobile homes and in household products. Items are bought off the shelf or designed to meet a client’s bespoke order. Wi-fi and Bluetooth “feedback” technology is integrated within some systems.
Shatterproof lamps help to safeguard against accidental glass contamination for food and drinks manufacturers.
Greenstock, which has customers worldwide, credits word-of-mouth referrals and its comprehensive website as key factors in driving sales.