Andy Tarr has recently taken the helm at Quality Blasting on Old Forge Trading Estate after the business was acquired by metal finishing firm ActOn Ventures in Coventry, with help from chartered accountants Harrison Beale & Owen (HB&O).
While Quality Blasting will continue to trade under its current name, Tarr is planning to use more than 36 years of engineering experience to boost the firm’s turnover past the £1 million mark.
He says: “This is a business that has been trading at a stable level for some time, but there is so much potential for it to develop further.
“We are currently trading out of two 5,000 square feet units but we have an additional 5,000 square units of space, which we are looking to capitalise on.”
He continues: “So often our customers only currently come to us for one service before they have to find somebody else for their next stage of the finishing process, and that is something we are striving to change.
“We have a team of 11 that are currently managing around 30 jobs a week, and a lot of work has gone into improving our efficiency levels so that we’ll be ready to tackle an increase in orders.”
ActOn Ventures acquired Quality Blasting – also known as Tecwin Limited – earlier this year after their accountants and financial advisers HB&O made them aware of the investment opportunity, including a valuation of the business and structuring the deal.
ActOn Ventures managing director Sid Gulati adds: “Quality Blasting is a well-run business that has built up a solid reputation in the industry, so when the opportunity arose to purchase the firm, we knew it was the ideal investment to expand into a new area and grow.
“It was important that we appointed somebody with the drive to take the business to the next level, and Andy’s vision for how he wants to grow the business proves he is the right man to oversee the next stage of its journey.”
