Following a series of new contract wins and increased business from existing customers, Prism expects to exceed its end of year target of growing the business by 25 per cent during 2006.
Over the past six months Prism has brought on board several new customers and grown existing client accounts. The company is now into the next phase of its growth and development plan.
With staff numbers already up by more than a third on last year to just under 50, Prism is continuing to recruit new staff to fill a range of positions at all levels across the company to support future business. Further investment is also planned over the coming months to increase production capacity.
“Through a combination of providing good customer service and focusing on the type of work we do best, we are growing and expect to exceed our target for this year,” said David Dickin, business development director at Prism Electronics. “We are now into our next stage of growth, which will involve taking on more production and office staff as well as investing in equipment and facilities to give us the capacity for more work.”
Following an MBO (management buy-out) in 1991 Prism has gone from strength to strength. It has recently won a number of new client accounts including Xennia Technology, Gardasoft and Copley Motion Systems. The company has also forged partnerships with other organisations, including Micro Circuit Engineering in Newmarket, to develop new manufacturing techniques as well as to provide input on taking product designs to full manufacture.
The company won the Most Improved Plant category at the national 2005 Best Factory Awards. It has also recently invested over £100,000 preparing its manufacturing operations to comply with new European legislation on lead-free manufacturing which came into force this year.