The sister company of Winterhalter makes its first appearance in our State of the Nation report after 2018 proved a buoyant year for the business.
Turnover increased a healthy 22% to £20.5m, an increase of £3.5m on the figure it achieved a year prior as it sold thousands of dishwashers to restaurants and bars throughout the land.
Reflecting on the performance, Classeq’s directors said the company’s revenue continues to be in line with their strategic objectives, both in home markets and in exports, with all products contributing to the growth.
Interestingly, the company accomplished the tricky balancing act of growing domestic and export sales at the same time, rather than at the expense of one another.
£14.1m of Classeq’s turnover came from the UK, an increase of 18% year-on-year, while £6.3m was derived from overseas, representing a hike of 33%. Operating profit also got a shot in the arm, rising from £1.8m to £2.6m during the year.
Although it wasn’t referenced in its accounts, Classeq’s relocation to a state-of-the-art factory in Stafford two years ago appears to have provided the foundation for the business to expand.
At the time it was building around 16,000 machines a year, but it now has the capacity to take that up to in excess of 21,000 units.
Turnover: £20.49m (+22%)
Operating profit: £2.57m (+44%)
Employees: 61 (58)
Directors that served during the year: D Smithson, Dr V Faller, P Huber, D Parsons, G Jones, N Burridge, L Weiss, J Winterhalter (resigned 05/18), R Winterhalter (resigned 05/18)
Ownership: The ultimate parent company is Karl Winterhalter GmbH & Co. KG, incorporated in Germany.
Financial year end: 31 December 2018