1 minute read - 21st June 2024
Expansion plans for ASL following record-breaking turnover
Bolton-based manufacturer ASL has reported a record-breaking financial year with a turnover of £8.2m.
The subcontract manufacturer of cable assemblies, wiring harnesses and control panels secured £927,000 of brand new business over the past year, showcasing the company’s strong growth and strategic success.
ASL employs a team of 90 staff at its Bolton manufacturing facility and has set a target of reaching £10m in turnover by 2026. To accommodate its growing workforce, the company is planning to construct a mezzanine within its factory, creating additional space to support its increasing number of employees.
In addition to its financial success, ASL has made several investments in infrastructure including solar panels and a state-of-the-art stock system totalling £175,000. The company said these investments reflect its commitment to innovation, sustainability, and operational excellence, aiming to enhance efficiency and build customer trust.
Subcontract manufacturer ASL has announced a record-breaking turnover and plans for further expansion / Picture: ASL
The family-owned business, managed by siblings Gareth, Sophie, and Oliver Balshaw, are thrilled with this year’s achievements and optimistic about future growth. Gareth Balshaw, managing director, said: “It is an incredible privilege to run the company and work with such a dedicated team. The commitment and passion from all our staff has been key to our success, leading to record order books and sales figures.”
ASL’s dedication to its employees is evident in the notable milestones achieved by several team members. Over the past year, Rob Parkinson celebrated his 20 year anniversary and incredibly without a day off sick. Michele Barnes also reached a major milestone, celebrating her 10th year of service.
