Huddersfield manufacturer Andel grows offering with £1.2m R&D investment
Leak detection system manufacturer Andel is expanding its product range thanks to a seven-figure investment in research and development.
The Huddersfield-based firm will launch a fifth iteration of BundGuard, its oil and water alarm-pump technology, as well as a new multi-gas leak detection system after investing £1.2m in R&D over the last three years.
Mark Harris, commercial director at Andel, said: “Andel was founded 26 years ago as an electronic R&D company and we’ve always recognised the need to keep investing for the future growth of the business.
“Following the death of our founder Ian Pogson in 2014, we took the strategic decision to triple our R&D spend and effectively reinvest 8% of turnover per year until 2021 as part of an eight-year plan to drive turnover from £2.2m in 2014 to £12m by 2022.”
He added: “Following the first three years of this level of investment in R&D we are on course to reach our target.”
Andel’s customer base includes a number of national and international names in the public and private sectors, including The Houses of Parliament, The Pentagon, Hong Kong International Airport and Barclays.
The firm employs 70 people, including a dedicated four-strong R&D team.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Why being ‘work-ready’ matters more than ever
The North's future doesn't end at Manchester
Exit or legacy? Why every owner needs a plan
Who speaks up for SMEs when giants get bigger?
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth