London Demand Drives Record Year for Rixonway Kitchens
Published by Rebecca Jackson for Rixonway Kitchens Limited in Housing and also in Communities
Dewsbury-based Rixonway Kitchens has announced a record start to 2014 which has seen turnover increase by 36 per cent in the first quarter, with production increasing to more than 18,000 cabinets a week for the first time.
The recent growth has been fuelled by several new contracts worth more than £6 million to supply kitchens to affordable and social housing providers in London and the South East.
In February Rixonway’s key installer partners fitted kitchens in the capital at a rate of one an hour as social housing organisations received backlog funding for improvements to their housing stock.
This strong business growth during the last year has seen annual turnover increase from £30m to £35m with a further 15% increase expected through 2014.
To help meet the increased demand, Rixonway Kitchens has invested more than £250,000 in IT systems, new equipment and logistics, added a third production line and employed additional staff including four kitchen designers in London and the South East. The business is also planning further investment of more than £1m in 2014 as demand continues to grow.
Rixonway Kitchens Chief Executive, Paul Rose, said:
“I am very pleased to be able to announce a really great result for the year, and an exceptional start to the New Year with record sales and production volumes. This is down to a number of key factors including our strong new business pipeline in the social and affordable housing sector, increased trading in the builders merchants and private development sectors and our focus on servicing our customers well to secure repeat business.
“A recent survey suggested that British manufacturing expanded faster in the first months of the year than anywhere else in Europe and we are definitely seeing signs of a more buoyant outlook for the rest of the year.
“I’m also delighted to be able to expand the number of apprentices working at Rixonway and to offer young people a range of rewarding careers. We have added another five apprentices to the workforce this year and they are proving to be a tremendous asset.”
READ NEXT »