Sustained growth in 2019
Rapierstar is looking ahead to another year of sustained growth in 2019, the company has reported, as it extends the technical and development facilities at its Cheshire Headquarters.
In the past 12 months, the company reported that year-on-year sales are up by 18%, driven by organic growth, new fastener supply deals with a number of leading industry manufacturers, and a continued focus on supply chain reliability and high quality products.
Underpinning Rapierstar’s growth during 2018 was its largest ever investment in stockholding, with over £3 million-worth of window fasteners taking its total stockholding at its Cheshire bonded warehousing to more than one billion screws. The company also invested in technology to reduce its carbon footprint and upgraded its systems to achieve the latest ISO 9001: 2015 certification.
David Furness, MD of Rapierstar, said: “Window and door manufacturing would quickly grind to a halt without a reliable supply of fasteners, which is why we work hard to be the best in class on order delivery, providing the right fasteners to customers when they need them. Our performance in 2018 was a testament to the hard work of the whole team, a year in which we achieved our first £1 million-plus turnover month in September, and reached an otif delivery rate of 99.5%, reflecting the efficiency of our systems and processes.
“This year won’t be without its challenges, of course, most notably the continued uncertainly around Brexit, global market conditions, and China’s changing environmental policies. However, we will continue to work closely with our manufacturing and logistics partners to mitigate the effects of global issues and ensure we maintain our market-leading customer service.”