Addmaster gears up for expansion
Addmaster, the technical resource centre based in Stafford, is planning to open offices overseas, Insider has learned. Paul Morris, managing director, said that the Far East “would be the favourite” place to open up shop.
Morris said: “In the next five years I would definitely like to have seen the businesses open up an office overseas. We don’t want to expand too quickly – we like the way we’re working at the moment. But when the time does come to expand I think the Far East would definitely be the first place we’d look”.
The company, which supplies new additive technology, makes 40 per cent of its revenue from overseas sales.
Morris said: “We have distributors in the Netherlands, Germany, France, Spain and China, and the export side of the business is definitely growing”, said Morris. “I expect it to make up around half of our sales soon.”
The company produces all of its materials in the UK, and ships them abroad. It has increased its turnover year-on-year for the last three years. Morris says the secret to the company’s success was “not spending a fortune on bricks and mortar”.
“We’ve built up slowly, and now we’re carefully building on that success. Both our UK and overseas markets are growing, and we’re looking forward to the future.”
