Manufacturer of the YearBack to Winners
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Established in 1977, Texcel Technology designs and manufactures a wide range of electronic systems across the marine, medical, instrumentation and military sectors.
According to Texcel, there are approximately 260 electronics manufacturing companies in the UK, with a total market size of £2billion.
The Crayford-based business is the 28th largest in the sector, the 15th most profitable and the seventh fastest growing. It has seen continuous growth both in sales invoicing and new order bookings over the last five years.
Commercial director, Peter Shawyer, said: “We stand out from the competition as we have a far greater range of services which include electronic design, full product building and complex functional testing. We focus upon technical excellence and the ease of communication we offer our customers.”
Over the past few years, Texcel has also seen a 310% increase in net profit, following growth in its sales team among other improvements. A consultant in ocean equipment has been employed to help Texcel develop opportunities in Brazil and Malaysia subsea oil systems. Dashboards have been installed in each area of the business, so all employees can see performance and then decide which areas to focus on.
Finances for each month are compared with budgets and senior management goals are set. Customers are invited to visit Texcel’s facilities and are always asked for feedback.
More than £400k has been set aside for investment in equipment and 30 extra staff members will be needed to achieve these plans. By reviewing the amount of time spent hand-soldering machinery and the quality of these products, the company has selected a new machine and is now seeing a 73% rise in rate of production and 31% in quality.