After a successful partnership with the Development Bank of Wales, we now look ahead to continue our ambitious growth strategy after solidifying our position among the UK’s top Contract Electronic Manufacturers.
We received a £450,000 investment from the Development Bank of Wales in 2018 which marked a pivotal moment in our history. It enabled our Managing Director, Paul Macleur, to lead the management buy-out from Photonstar LED Group plc alongside Chris Gulliford and Linda Sterry. It also led us to the successful strategic partnership with Mark Pulman, as a Non-Executive Director, when he was introduced to us by the Development Bank. Mark will remain with the business.
The bank’s involvement was crucial in positioning Camtronics for long-term success. Our turnover has now doubled to £4 million, allowing us to continue to focus on innovation and quality in our electronic manufacturing services whilst also allowing us to expand the team to 38 internal employees.
After six years of successful collaboration, the Development Bank of Wales has exited its investment, leaving us at Camtronics to continue our growth independently. For Camtronics, this means we are now poised to keep accelerating our growth with renewed confidence.
Demand for reliable and advanced SMT technology and through-hole assembly is on the rise and we are fully aware and looking forward to this. Our Managing Director Paul Macleur said: “As we embark on the next stage of our growth, the time was right to reflect on how the support of the Development Bank has enabled us to build a strong foundation for the future. We have enjoyed the benefit of having an excellent working relationship with the team who have stood by us throughout, offering guidance and significant support in addition to funding. Together with Mark, they have helped with our strategic planning and long-term value creation which means that we are now in a position to buy them out. As the sole owners of the business, we are now well-placed to move forward and continue to grow our industry-leading services.”
We are still just as dedicated to staying ahead of the curve by adopting cutting-edge SMT technology and through hole assembly techniques. We are always looking for opportunities to invest in our machinery and technology to continue to meet the complex needs of our customers.
Our journey from receiving initial investment to embarking on an independent growth strategy is a powerful example of how strategic support and careful planning can drive success in the EMS industry. Leanna Davies, our Portfolio Development Manager with the Development Bank said: “With the support of Mark, Paul and the team have worked hard to create real value by diversifying and growing Camtronics as a leading electronics manufacturer. It is an excellent example of how our funds can be used to deliver long-term sustainable growth and our return will be recycled for the benefit of new customers.”
“We have enjoyed an excellent commercial and technical relationship for 20 years with Camtronics. They have supported us in manufacturing and in continuously developing competitive products that keep us at the forefront of the industrial and automotive industry.”
Global industrial sensor & control company
“Throughout our ten-year partnership, we have always valued Camtronics’ commitment to flexibility and communication.
Their collaborative and proactive approach is a major benefit to us and we value the high quality of the increasing number of products they manufacture on our behalf”
Leading UK bio-pharma company
“Camtronics have handled small, one-off panel sample orders right through to large scale production volume orders … and deliveries have always been met.
Communication is a key aspect for us and we have entered into a strong working relationship, one that will hopefully last for a long time.”
Market leading industrial processing company
“Keep up the good work.”
UK based environmental science company
“We love you guys!”
Innovative data logger manufacturer