Gripple Announce a Five-year Plan to Continue its Impressive Growth in 2017

24th May 2018

At its 2018 AGM, Gripple Ltd, the Sheffield-based, globally successful manufacturer of the iconic wire fastener, celebrated a record profit in 2017, from sales increasing by 22% totalling £67m, and also announced a five-year programme to secure even greater success by 2021.

For the first time Gripple's AGM was not held at the employee-owned group's headquarters, the Old West Gun Works, but at its new training academy, GLIDE House. The event, attended by more than 200 staff and fellow shareholders, was 'streamed' across the world, including countries where Gripple has bases USA, France, India, Poland and Canada. Following his introduction, chairman Hugh Facey passed over to the Gripple managing director, Ed Stubbs, who promised and achieved a five-minute speech, thanks amusingly to a five-minute egg timer checked by Hugh! Ed spoke of the main reasons for Gripple's growth in 2017: -We've seen record breaking results in terms of profit and our share price. This is no doubt due to investment in more than 100 new employees, excellent performance overseas, opening a new Sheffield factory and training academy, and solving more problems with even more innovative products. -More than £60,000 has been donated to 100 charities at home and abroad as well as staff's charitable effort. The AGM ran concurrently with the company's other companies Loadhog and GLIDE, the private, employee owned company. Shaun Khan, general manager of Loadhog, Sheffield returnable packaging manufacturer, spoke of the reasons for the company's recent successes in achieving a £9.5m turnover in 2017, representing an increase of 26.6% over the previous year.. James Sallows, chairman of the GLIDE board, named its newly elected members, gave details of the company's present finances and announced the total membership as 800, including staff not only from Gripple and Loadhog but also from Gripple Automation, PMS Diecasting, Go Tools, Laser Cutting.

You might also be interested in

Business Key To Government Spending Plans

Tue 11th February 2025

The BCC is urging Government to help firms grow as it considers its future spending plans.

South Yorkshire Businesses Asked To Share Their Views On The Planning System

Mon 10th February 2025

Businesses across South Yorkshire are being asked to share their experiences with the local planning systems

Rate Cut Eases Some Pressure Points

Fri 7th February 2025

David Bharier, Head of Research at the British Chambers of Commerce reacts to the latest interest rate decision

Sheffield Chamber of Commerce and Industry holds 2025 AGM

Fri 7th February 2025

Sheffield Chamber of Commerce and Industry (SCCI) hosted its 167th Annual General Meeting (AGM) today, welcoming members for an afternoon of connection, celebration and insight.