2007/2008 was the best year in the company’s history and to see a 25% drop in turnover in 2008/2009 was tough to stomach.
West Yorkshire, UK (PRWEB UK) 23 July 2014
West Yorkshire based company, Custom Fittings, has recently reported that its turnover is now almost back to pre-recession levels after taking a big hit in 2008 and 2009 when the recession was in full swing. The dip in turnover came following the company’s best performance ever during 2007/2008.
When the recession hit the UK, Custom Fittings, like many other companies across the UK, saw a sharp drop in turnover, which fell by 25 percent in 2008/2009. The company had to do what many other businesses were forced to due during that period, which was to cut costs. This unfortunately also meant making redundancies.
Despite the challenges that the company faced during that period, the managing director has now confirmed that turnover is looking far healthier and that the figures for this financial year are looking to be close to those seen prior to the onset of the recession.
The MD of Custom Fittings, Andrew Crowther, stated: “2007/2008 was the best year in the company’s history and to see a 25% drop in turnover in 2008/2009 was tough to stomach. It was a tough year and we had to cut our cloth accordingly; making unwanted redundancies is never pleasant but this was essential for the future of the company. We have now rode the storm and come out the other side stronger with 2013/2014 figures looking very similar to that of pre-recession times.”
Custom Fittings, which was launched back in 1982, has become a leading manufacturer of stainless steel welding fittings, tube fittings, and adaptors. The company now has a global reputation for its custom made, high quality products, which are used in a range of different industries. Despite the dip in turnover levels that the company experienced during the recession, its global reputation and success has remained intact, with employees looking forward to a very successful year.
To learn more about Custom Fittings, please visit http://www.customfittings.com/.
About Custom Fittings
Based in West Yorkshire, Custom Fittings is a leading manufacturer and supplier of tube fittings, adaptors, and stainless steel hose fittings.
Custom Fittings: 01274 052066