James Briggs Ltd has announced an unprecedented financial year after it secured turnover of £51m for the year ended 31st June 2016 – a 12 per cent increase on the previous year.
In a 12-month period that saw it acquire the assets of leading commercial cleaning brand, Premiere Products, the Oldham-based manufacturer saw exceptional growth in the performance of its own branded business. Heading up the growth were its automotive paint brand, Hycote, and commercial cleaning range, Nilco, which enjoyed 30 and 67 per cent growth respectively.
James Briggs CEO, Tim Pugh, commented: “The success of our branded business is indicative of the exceptional market knowledge and product expertise we nurture at James Briggs. It’s these elements that have enabled us to secure nationwide contracts with the likes of B&Q, whilst bolstering our offering with strategic acquisitions. These record figures also reflect the ongoing operational improvements we’re making and our increased presence in international markets.”
Alongside its landmark deal with B&Q, 2015/16 also saw James Briggs enter into partnerships with major European distributors such as Tetrosyl and Bunzl, as well as moving into new markets such as the Middle East for the first time. In addition, it also broke into the Irish automotive market with P.R. Reilly, and secured its first sales in South East Asia through Premiere Products.
Tim Pugh finished: “The continued growth of James Briggs will certainly have an international focus, and it’s heartening to see the positive traction we’ve begun to experience across a diverse range of new geographies in the last 12 months. If we continue to develop the business as anticipated, and the markets remain receptive to our offering, then I’m confident we’ll be looking back on another outstanding 12 months this time next year.”