Sales at a Camden Town-headquartered electrical cable supplier have nearly doubled since the start of the pandemic to hit £200 million, boosted by private and public sector increased investment in decarbonisation and digitalisation projects.
Eland Cables, which supplied the rail overhead line to electrify the Great Western route from Paddington to Cardiff and whose products have been used on sites such as data centres, was founded in 1975.
It said turnover in 2022 was £200.3 million. That was 24% higher than a year earlier, and well above the £107.6 million recorded in 2020.
Jean-Sebastien Pelland, executive director at Eland Cables, said the company is seeing a boom in demand as the UK undergoes “a once in a generation overhaul of its energy supply and distribution, coupled with a rapid acceleration in electrification and digitalisation”.
He added: “From renewable energy and battery storage, to rail networks and e-Mobility, to automation across all industries – they all rely on cables to connect them and we fully expect this will underpin our next five to ten year growth cycle. As a country, we’ve only scratched the surface of decarbonisation – we anticipate exceptional demand as we all push towards Net Zero by 2050.”
Underlying profit at Eland Cables, which is owned by Pelland and two other directors, was £14.7 million last year.
