Sheffield door manufacturer sets sights on £5m turnover mark
A Sheffield-based manufacturer of folding patio doors is targeting £5m turnover for this financial year.
Established three years ago, Panoramic Doors started out in Carlisle Street before moving to a 20,000 sq ft facility on the edge of the city in early 2016.
The switch to larger premises was backed by a £50k business loan from Finance Yorkshire.
The company,, which saw sales reach £3m in 2017, has grown staff numbers from five in 2014 to 45 this year.
Finance director Sharon Rees said: “The loan from Finance Yorkshire came at a crucial point for Panoramic.
“Industrial unit stock of the size and location required was in short supply at the time and without the funds the opportunity would certainly have been missed.
“The move to larger premises enabled us to scale up and build the business and take on more employees.”
Panoramic’s folding door system uses its patented Magnaline hardware which eliminates the need for hinges, bolts and locks, reducing manufacturing costs and making it more affordable.
Sharon added: “The core processes for manufacturing including our own powder coating plant are all housed in the new Sheffield premises - self-sufficiency is key to the success of Panoramic Doors.”
As well as targeting more trade customers in 2018, Panoramic Doors is developing new products including a new window system and fly screen for its doors.
Alex McWhirter, chief executive of Finance Yorkshire, commented: “The team at Panoramic Doors (UK) has in a relatively short space of time established a successful business, creating valuable jobs in the Yorkshire region.
“Finance Yorkshire supported the business in its ambition to grow and we are pleased to see the company planning for further growth through new opportunities it has identified particularly in the trade sector.”
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