A manufacturer that can trace its roots back almost 150 years has reported a jump in its turnover for its latest financial year.
New accounts for Black Country-headquartered BE Wedge Holdings, which is behind Wedge Group Galvanizing and other businesses throughout Europe and the US, have revealed the company achieved a turnover of £174.1m for the year to 31 March 2019, up from £161.4m in the prior 12 months.
The hot-dip galvanizing business's pre-tax profits went from £21.5m to £17.1m over the same period.
The family-controlled company, which is headquartered in Willenhall, also has bases in Manchester, East Anglia, Yorkshire, Merseyside, Newport, Scotland, Nottinghamshire as well as the South East and South West.
The business was established by John Wedge in 1869 and has been at its site since 1876.
It recently completed the building of a £6m brand new, state-of-the-art plant for one of its UK outlets and substantial investments of this sort are further evidence of Wedge Group’s position as the UK’s leading galvanizing group.
A statement signed off by the board said: "Group turnover increased by 8 per cent on the back of stronger sales volumes in both the UK and US, together with a small benefit arising from the translation effect of sterling's depreciation against the US dollar. "In respect of the future outlook, the directors maintain a positive view for the business over the longer term."