CAREL UK has released its latest figures which reveal significant growth. Numbers show that at the end of the first half of this year it was ahead of its 17% growth target and is on track to deliver 65% growth from 2013-15.

Last year the company launched a three year plan, following the appointment of key management personnel. Following a period of little growth during 2011-2012, it appointed Bob Cowlard as managing director in June 2013. He was joined by Nigel Hillier as national sales manager (NSM) in the Climate Division and Richard Hay as national sales manager for Retail and Refrigeration. CAREL UK says that these appointments have served as a catalyst for a new focus on customer service and technical solutions.

These three key management appointments joined Jesse Poulter, national sales manager for HVAC OEM and Steve Chapman, responsible for Service and Contracts, to reposition the company, which had long depended on its manufacturing and OEM business. The internal Order Processing and Technical Support teams have been strengthened along with an increase in marketing activity and this shift of emphasis has quickly translated into financial success with 2013 closing at 18% growth and a return to healthy profitability.

The latest figures show that this positive trend is continuing into 2014: after only seven months, growth stands at 21% against a target of 17% for the year. 

MD Bob Cowlard is confident that additional resources, along with key new product launches, will enable the firm to maintain this momentum and deliver an additional 19% growth in 2015, with a view to ultimately achieving the company’s cumulative target of 65% growth over three years (2013-15).

Mr Cowlard said: “The last few years have been difficult for the industry as a whole. Now that confidence is returning in the UK, it will be interesting to see whether it will result in increased investment in new projects and energy efficient solutions. If so, CAREL UK is now perfectly placed to benefit from these trends.”