AN award-winning electronics company is smashing growth expectations alongside investing £2 million in to the expansion of its Hunmanby factory.
Deep Sea Electronics has seen record growth in the third quarter of its financial year, pushing it on target to achieve 40 per cent growth from the previous year.
The firm, which specialises in the design, manufacture and distribution of control modules for the power generation market, is now looking to increase its workforce as business grows.
As well seeing increases in growth Deep Sea is expecting to boost sales figures up to £25 million as both home and export markets show strong improvements.
The company’s recent success follows investment in a number of key operating areas, including the opening of a new sales and support office in India to strengthen its global sales strategy, and a £2 million expansion of its Hunmanby facility to accommodate the growing business.
Sales and Marketing director David Thomson, said: “Throughout the recession we stayed focused on our core principles; providing outstanding quality, services and products.
“The competition has always been tough, but we continued to work hard, stuck to our principles and are now reaping the rewards.
“We are the world’s number 1 supplier of control systems in the generator market and we are committed to maintaining this position in the years ahead.”
Deep Sea Electronics employs more than 100 staff, and is now looking to fill a number of vacancies to help the company meet its growth targets. PC and embedded software engineers, manufacturing personnel and external sales managers are amongst the current vacancies, as well as trainee engineering graduate schemes.
As well as its Hunmanby base Deep Sea Electronics has an office based in the USA, and sales and technical support personnel in China, Thailand and Lebanon.
Phase one of the expansion of its local office, which included a 210 sq meter extension to the manufacturing facility, was finished before Christmas.
Phase two is now under way and includes an additional 567 sq metres, in a two story extension to the office facilities.
Sales are expected to growth further after Deep Sea recently exhibited at the world’s largest power exhibition in Dubai.
Mr Thomson said: “Exhibitions are key events in the DSE calendar as they allow us to showcase our latest products to wide audiences in a concentrated environment. The company took several new products to the Dubai exhibition and the response was excellent.
“With the product range we now have in place, and the products currently in development, we are in a very strong position to move forward.”
Deep Sea Electronics has further exhibitions planned in China and USA during 2011.