MTL wins NDI “Company of the Year 2008”
06 May 2008
MTL Group Limited, the Sheffield based contract manufacturing company has been named 'Company of the Year' by the Northern Defence Industries (NDI).
Dr Liam Fox, shadow secretary of state for defence presented the award to MTL during the NDI annual conference at the Royal Armouries. This award recognises the company's investment and successful growth over the last two years.
Dr Henry Shirman, Managing Director said: "MTL is delighted to receive this award which recognises the commitment and hard work of the management team and the workforce. We have invested several million pounds in state-of the-art manufacturing equipment which allows us to offer enhanced value propositions to our customers. We would like to thank NDI for its support in winning several million pounds of new business."
The company, which supplies manufacturing services to leading multinationals including Caterpillar, Dennis Eagle and BAE was acquired by Dr Henry Shirman and a four strong management team in 2006 with the support of Bank of Scotland Corporate. Since the buyout the company's turnover has more than doubled in size to £34 million and staff numbers have risen by more than 60% to over 200."
MTL Group Limited recently changed its name from Mayflower Technology and was listed in the prestigious Sunday Times Deloitte Buyout Track 100 which reviews the UK's top 100 private equity backed mid-market companies with the fastest growing profits.
