Working with Sharing in Growth (SiG) business transformation experts, Martin Aerospace will implement a new business growth strategy, review its culture and involve its staff in implementing world-class management and operational practices. This will help the Lanark-based company to achieve its ambitions of increasing turnover from £7.25 million to £20 million in the next five years, creating between 20 and 50 new jobs, including an expanded apprenticeship scheme.
Founded 25 years ago, Martin Aerospace supplies thousands of different quality-critical machined components, such as engine fastenings and crankshafts, to aerospace companies such as Rolls-Royce and Pattonair.
Said managing director William Martin: “Having established a reputation for quality and delivery, Martin has grown to 80 employees and now wants to accelerate its business growth. Sharing in Growth will help develop Martin Aerospace to become more competitive, so that we can win £20 million in contracts by 2022.”
Specifically, Martin Aerospace will work with SiG to increase business with current customers and win new business by focusing a new strategy deployment system towards meeting growth goals. This will include reviewing the processes for business development, capacity scheduling, investment in new technology and new product introduction, moving to a cellular factory layout and ensuring the company culture engages staff in Martin Aerospace’s vision, mission and values.
SiG is already working with over 60 aerospace companies on bespoke in-depth programmes to help them close a typical 20% cost and productivity gap with global competitors. Established by industry in 2013, SiG has helped UK aerospace supply companies secure a total of £2.5 billion in contracts – equivalent to some 4,500 jobs.
The SiG programme is endorsed by Airbus, BAE Systems, Boeing, Bombardier, GE, GKN, Leonardo, Lockheed Martin, MBDA, Rolls-Royce, Safran and Thales, and is supported by the Regional Growth Fund and more than £150 million in private investment.
The programme helps aerospace supply chain companies to improve their productivity and competitiveness, so they are better placed to win a share of continued growth in the global aerospace market. Each company participates in an intense training and business transformation programme, which enables them to double their sales turnover in around four years.
Said SiG CEO Andy Page: “With the commercial aircraft order book at a record high, the UK has a huge opportunity to increase its share of the global aerospace market. Increased productivity, and capability are essential for ambitious suppliers, like Martin Aerospace, to win the worldwide competition on quality, cost and delivery.
“Martin Aerospace chose Sharing in Growth, because the programme has the scale and intensity to accelerate growth, typically by addressing a 20% cost gap. Having helped programme participants to secure £2.5 billion in contracts totalling over 22,000-man years of high value work, Sharing in Growth is well on target to safeguard 10,000 UK jobs by 2022 and to return £60 in contracts for every £1 of public investment.”
There are limited places left on the government-supported Sharing in Growth programme. Companies interested in how the programme can improve their competitiveness and productivity should register at: www.sig-uk.org/apply