Top award recognises Renishaw’s global success

November 10, 2011

Renishaw, the South Gloucestershire-based precision engineering group, has been named the Grant Thornton Mid-Cap Business of the Year.

The company, based in Wotton-under-Edge, was established in 1973 and has become the world leader in measurement sensors and is now diversifying into healthcare products.

It has offices in 31 countries across the world with exports accounting for 95 per cent of sales.

Judges said of the company: “Achieving substantial increases in turnover and profit in 2009 and 2010, Renishaw is rapidly expanding into China while supporting British export innovation in the South West with a competition to win a £50,000 package of money, advice and professional services.”

 Renishaw assistant chief executive Ben Taylor said: “This award is recognition that UK manufacturing is alive and well. It not only makes a positive contribution to the economy, but it also offers very rewarding careers, and we believe that more young people should look at apprenticeship and graduate opportunities within the manufacturing sector.”

Grant Thornton’s senior practice leader in Bristol Nigel Morrison added: “Renishaw is a great example of the UK’s impressive mid-market businesses.

“Bucking recent economic trends with strong growth, impressive export statistics and providing jobs and training to the UK market, Renishaw, and indeed all the finalists, are the companies that we see driving our economy.”

Renishaw was among  the cream of British business at the awards, which were held at London’s Grosvenor House Hotel.

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