___________________________________________________________________________________________________ Locit
Limited
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£ 1 million investment from the Development Bank of Wales signals another exciting chapter in Locit Limited’ s growth. Just four years ago, the team opened the doors of an empty facility in Deeside. Today, the steel locker manufacturer has surpassed £ 10 million in revenue, has won contracts with national brands, has expanded its product range, and is well on the way to a fully digital manufacturing environment.
For Richard Vaughn Williams, Managing Director of Locit Limited( Locit), this funding is not just a milestone. It is about building the capacity for what is next. New robotic equipment is on its way, factory systems are getting more connected every day, and the team is already talking about adding another 20,000 square feet to the company’ s North Wales footprint.
The pace of development reflects the solid foundation Richard set when he launched the business in 2022 with support from Arete Capital Partners. Starting from scratch let him design the systems and processes he knew modern manufacturing needed.
Richard brought a rare depth of industry experience to Locit. After building and selling Lion Steel, one of the UK’ s largest locker manufacturers, he knew exactly
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