FSL Aerospace sees soaring turnover

In the last financial year, aerospace and defence part specialist, FSL Aerospace has seen an 18% increase in turnover, and now says it is aiming even higher for this year.

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Following its £1 million rise in sales in the last financial year, FSL is even more driven to target a further 5% increase this year.

Richard Woodward, general manager of FSL Aerospace, said: “Most of the growth we’ve seen has been as a result of signing long-term agreements with established customers, increasing component build rates and extending existing contracts.”

By building a strong reputation in aerospace through its consistently reliable supply chain management, FSL says it has been able to establish strong connections with aerospace giants.

Nicola Woodley, purchasing manager at FSL, stated: “Managing our supply chain involves lots of variables: people, activities, data and resources, but that’s where our experience and expertise comes in.”

The aerospace supplier has an impressive 99.3% right first time accuracy rate. Woodley added: “Our excellent systems ensure we run a tight ship.”

FSL has also ramped up its investments in the last year.

“Our investments in IT systems mean that the growth we’ve experienced has been handled smoothly by our existing team,” added Woodward. “I’m proud of how the team has taken on the increased business so efficiently, I think it says a lot about our capabilities as a business.”

FSL is not only targeting a 5% increase in turnover. Having achieved its fifth consecutive ADS SC21 Bronze Award this year, FSL has the silver award firmly in its sights.

www.fslaerospace.co.uk

 

 

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FSL Aerospace

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