Fantastic sustained growth

Chris joined a manufacturing business in 1997 when it employed 20 people and had a turnover of $2M.  The business had strong sales and technical leadership which lead it on a bumpy growth path.  With financial systems in place, placated bankers and strong cash flow management the business grew at an average rate of 35% per annum for over 5 consecutive years.  There was no private capital investment.  All funding was from financiers and generated from profit.

In 2003 a greenfield factory was started in Melbourne to manufacture automotive components, and in 2007 another larger component manufacturer in Adelaide was acquired, as well as a toolroom in Detroit. Then foundations were laid to start a facility in India. By this stage there were 340 employees and turnover exceeded $60M per annum.

The key was solid forecasting and understanding the risks before they arrived.

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Rising from the ashes