A manufacturer which began in a garden shed during the Queen’s Silver Jubilee year is marking the Diamond Jubilee with a move to a new two-acre site in Warwick.
Fozmula, which is internationally known for its wide range of sensor products, started life in the chairman’s garden at Moreton Paddox, near Warwick, in 1977.
This month, as it officially opens the new factory in Tachbrook Park, the family-owned company is celebrating a phenomenal success story which has seen a doubling in size in the last 24 months.
The company manufacturers sensors for the control and measurement of liquid levels, temperature and pressure and 70 per cent of the design, test, development and manufacture is carried out in the UK.
It has an international customer base - including such blue chip names as Caterpillar, JCB and Perkins Engines - and exports half its products, counting the USA as its next biggest market after the UK.
Since being appointed managing director seven years ago, Steven Jackson has presided over an increasing product range and expanding export markets in North America,
Europe, the Middle East, the Far East and Africa and has steered the company to a £5.8 million turnover and more than doubled the workforce to more than 50.
He said: “We are seeing a growing demand for our products in the construction equipment industry and in the motorsport and commercial vehicle industries.”
Looking to the immediate future, Mr Jackson is planning further expansion in the United States – and in Brazil, South Africa and Germany – to help Fozmula towards its next target, a further 50 per cent growth within four years.
“The reasons for our success are innovation, a strong management structure – put in place by the chairman – and the fact that we are self-financing, so don’t have to rely on others to fund our growth. We have a sensible and conservative approach, and a non-executive board of seasoned advisers, headed by the chairman, which includes lawyers, accountants and businessmen who have a wealth of experience.