At its 2018 AGM, Gripple Ltd, the Sheffield-based, globally successful manufacturer with the iconic wire fastener, celebrated a record profit in 2017 from sales increasing by 22%, totalling 67m and likewise announced a five-year programme to secure sustained success by 2021.
For the first time Gripple’s AGM was not held on the employee-owned group’s headquarters, your existing West Gun Works, but at its new training academy, GLIDE House.
The event, attended by a lot more than 200 staff and fellow shareholders, was ‘streamed’ across the world, including countries where Gripple has bases C USA, France, India, Poland and Canada.
Following his introduction, chairman Hugh Facey passed as much as the Gripple managing director, Ed Stubbs, who promised and achieved a five-minute speech, thanks amusingly into a five-minute egg timer checked by Hugh!
Ed spoke on the premiere factors behind Gripple’s increase 2017: “We’ve seen record breaking ends in relations to profit and our stock price. That is without a doubt because of purchase of in excess of 100 new employees, excellent performance overseas, opening a completely new Sheffield factory and training academy, and solving more issues with more innovative products.
“More than 60,000 has been donated to 100 charities both at home and abroad in addition to staff’s charitable effort.”
The AGM ran concurrently using the company’s other manufacturers Loadhog and GLIDE, an individual can, employee owned company.
Shaun Khan, gm of Loadhog, Sheffield returnable packaging manufacturer, spoke with the reasons behind their recent successes in achieving a 9.5m turnover in 2017, representing a growth of 26.6% across the previous year..
James Sallows, chairman from the GLIDE board, named its newly elected members, gave info on the company’s present finances and announced the total membership as 800, including staff but not only from Gripple and Loadhog but in addition from Gripple Automation, PMS Diecasting, Go Tools, Laser Cutting.