Southern Springs and Pressings Ltd (SSP), has posted a record 52% increase in export sales in their 2017/18 accounts. The increase in exports contributed to the company’s increase in turnover of 35% in 2017/18, with pre-tax profits also up by 80%.
Having secured more press work throughout the last 12 months, the business has continued to re-invest with a new tool design and production office.The new office will allow the team to design components using the latest CAD tool design technology which will also link directly through to the EDM and machining centre. A new air conditioning system has also been installed throughout the building.
Southern Springs and Pressings also celebrated 70 successful years of trading having opened their doors for the first time in April 1948. The spring manufacturing business thrived on being particularly well placed to design and manufacture specialist coiling machines for the production of products that could not be made on standard machines in that era. As the business expanded it became necessary to build a new and more modern factory in its current location in New Milton in 1964. You can read more about how Southern Springs and Pressings celebrated this milestone here.
With the continued demand for press work, Southern Springs and Pressings have also purchased two more CNC Power Presses in order to increase capacity and are planning on increasing the work space and machines in this area over the next year. A new EDM machine has also being delivered and there are also plans to purchase new ovens and de-burring machines.
Tim Page, Managing Director said “We’ve had another fantastic 12 months which has seen a huge increase in demand for our press work. We will continue to invest in the business with a more modern working environment and the purchase of new machines”.
Visit Southern Springs and Pressings Limited at stand M170 to find out about their plans for 2019, view samples of some of the product ranges they have on offer and speak to their technical team to find out what the team can design and manufacture.
Contact details:
Southern Springs and Pressings Ltd
Stem lane
New Milton
Hampshire
BH25 5NE
01425 611517
enquiries@southernsprings.co.uk
