In the last financial year, aerospace and defence part specialist, FSL Aerospace has seen an 18% increase in turnover, and now they’re aiming even higher for this year.
FSL Aerospace is a world class supplier of fasteners, fixings and associated components, supporting the Aerospace and Defence industries since 1985. With their unrestricted product range, extensive product knowledge and provision of specialist logistical solutions like DLF, VMI and Kanban systems, they are a formidable player in the industry.
Following their £1 million rise in sales in the last financial year, FSL are even more driven to target a further 5% increase this year.
Richard Woodward, General Manager of FSL Aerospace, says: “Most of the growth we’ve seen has been as a result of signing long-term agreements with established customers, increasing component build rates and extending existing contracts.”
By building a strong reputation in aerospace through their consistently reliable supply chain management, FSL have been able to establish strong connections with aerospace giants.
Nicola Woodley, Purchasing Manager at FSL, says: “Managing our supply chain involves lots of variables: people, activities, data and resources, but that’s where our experience and expertise comes in.”
The aerospace supplier has an impressive 99.3% right first time accuracy rate. Nicola adds: “Our excellent systems ensure we run a tight ship.”
FSL have also ramped up their investments in the last year. Richard Woodward adds, “Our investments in IT systems mean that the growth we’ve experienced has been handled smoothly by our existing team.”
“I’m proud of how the team has taken on the increased business so efficiently, I think it says a lot about our capabilities as a business.”
FSL are not only targeting a 5% increase in turnover. Having achieved their 5th consecutive ADS SC21 Bronze Award this year, FSL have the silver award firmly in their sights.
With their increased drive and clear capabilities, FSL are aiming to develop programmes with existing clients as well as developing new clients in the aerospace industry this year.