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fluctuated between £ 20 million and £ 30 million . However , since 2019 , we have grown our exports and sales , with revenues reaching £ 55 million in 2022 , £ 74 million in 2023 , and an impressive £ 90 million projected for 2024 .
“ Following the management buyout , we invested over £ 10 million in new machinery across our two main sites and established a third large site at the advanced manufacturing park in Middlesbrough . As part of this expansion , we acquired the assets and personnel of the Express Engineering Aerospace division , subsequently relocating them to the new site . This strategic move acted as a catalyst for growth . The new site expanded to include high-precision small to large-scale CNC machining capabilities ,
We take great pride in our contribution to the INEOS project , as we play a crucial role in supplying the essential furnace tubes and coils that form the core of the cutting-edge , world-scale cracker
along with additional large fabrication shops equipped with state-of-the-art X-ray and hydro-test facilities . These expansions have substantially increased the core capacity of our business , more than doubling its size and creating room for future growth . As part of this growth trajectory , we extended our capability of supplying proof parts , and introduced the Firth Vickers Engineering ( FVE ) brand . Under the FVE brand , we now offer full turnkey packages to many esteemed blue-chip clients around the world ,” he states .
Cutting-edge innovation
The strategic siting of Paralloy ’ s facilities within proximity of each other – with plants in Sheffield , Tees Valley , and Middlesbrough – optimizes efficiency throughout engineering , sales , materials , production and more . This concentrated operational footprint encourages expedited cooperation across departments . “ Gathered in the industrial North of England , our workforce also cultivates a culture emphasizing experience ,
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