A Black Country supplier is targeting a 20 per cent boost in sales after securing a string of new contracts.
Teepee Electrical, which supplies cable harness, wiring looms and panel assemblies to clients in the automotive, rail, 'blue light' and electrification sectors, is looking to take turnover past the £3 million mark in 2022.
It comes after the Bloxwich-based company invested more than £100,000 in new machinery and follows a number of new contract wins with a major rail customer for an ongoing fleet upgrade project.
Steve Clarke, who has been managing director at Teepee Electrical since 2004, said: "Sales are back to £2.5 million, which is where they were before the pandemic struck.
"The really exciting news is that we're currently witnessing our biggest pipeline of opportunities, and this could easily translate to more than £500,000 of additional business over the next 12 months."
Steve added: "Just before Christmas we managed to buy the assets of FW Cables in a deal that has given us immediate access to higher volume capacity. If things go as planned, I'd expect us to create three more jobs taking our total workforce to over 50 staff."
Teepee Electrical was originally founded by Steve's father Peter Clarke, Mick Hodgkinson and sleeping partner Tony Ball in 1989 after they spotted an opportunity to start their own company manufacturing wiring harnesses for the bus and rail sector.
Now the company wants to focus on 'reinforcing' its position as a strategic outsourcing partner for its customer base and maximising its in-house engineering expertise and manufacturing systems to deliver cost savings and production solutions.
Steve said: "Our agility and speed of response really help us stand out from our larger competitors and we're putting these attributes to good use when attracting new work, especially in the emergency services sector where we provide harnesses and assemblies for ambulances and fire engines.
"I feel 2022 has the potential to be the year of reshoring for UK manufacturing, with more companies looking to bring supply home or dual source to protect their operations from the vagaries of worldwide material shortages and increasing shipping costs."
