International friction stay manufacturer Cotswold Architectural Products is up 20 per cent compared to same time last year, in what represents another record breaking period of trading for the company.
In August last year Cotswold reported it was fourteen per cent up on the same period in 2012, which was the company’s best start to a year since 2005.
Management at the company say that demand for its EZ range of friction stays in the UK; and demand for its heavy duty range abroad is driving the growth.
The EZ easi-clean range of egress stays from Cotswold is one of the firm’s most popular. To meet the anticipated demand Cotswold recently invested in a new EZ stay line.
Domestically the Cheltenham based manufacturer has also seen new customers come on board and existing ones reporting strong growth.
Tim Ferkin, General Manager at Cotswold, comments: “This is great news for the team and a positive signal going forward. Our products are in demand at home and abroad and we anticipate continued growth going forward.
“We’re not just securing new business but also seeing our long standing customer base growing and investing – this is a good barometer for the industry and economy going forward.”
The company’s growth coincides with good news about the UK economy. According to the Office for National Statistics the UK economy has returned to pre-crisis levels by expanding 0.8% in the second quarter of this year.
On an annual basis gross domestic product (GDP) expanded by 3.1%.