Briggs enjoys tenfold increase in profits
Published: 30 April 2012 - Heather Ramsden
Briggs Equipment, the national provider of materials handling solutions has announced a tenfold increase in profits over the past year.
Despite difficult trading conditions and continued economic uncertainty, Briggs Equipment has seen profits rise from £300,000 in 2010 to £3 million in 2011. At the same time, turnover has increased by 17 per cent.
Announcing the figures, CEO Richard Close (pictured) said the company was bucking a trend in the materials handling industry.
“With news on a daily basis about the decline in UK manufacturing, we’ve had to work smarter, taking a more flexible approach in order to ensure the customers’ needs are always satisfied.”
Key to Briggs’ success will be the strengthening of its partnership with Yale Europe Materials Handling and the implementation of new initiatives including the Briggs Academy.