Technicut claims to be the UK’s largest cutting tool manufacturer, reporting a turnover in excess of £30 million in its accounts for the financial year 2018/2019, with three-quarters generated in the UK. The company reported employee numbers of just shy of 160 in its latest accounts. It has its main base in Sheffield, South Yorkshire, but also has employees working at BAE Systems' aerospace site in Samlesbury, near Preston. The company is also a supplier to the Boeing factory in Sheffield, which opened in October 2018 and makes 100 different high-tech actuation system components for the 737 and 767, from raw materials sourced in the UK.
It was only the middle of last year that Technicut was undergoing expansion, having bought newly-refurbished warehouse on Shepcote Business Park in Tinsley. The Sheffield Telegraph reported at the time that the company was planning to streamline its existing operations spread over its two sites in Attercliffe. The new site was to house a Technology Centre to focus on research and development, with a gym and canteen for workers other features. The site also had room for expansion.Ventilator Challenge UK Consortium.