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The team at Kybotech Investment leads to rise in profits
Kybotech, a Nottinghamshire- based manufacturer of sheds and garden buildings, has almost doubled profits following significant investment in the manufacturing process. The company, which
manufactures and sells garden buildings through its own websites, has reported pre-tax profits in the year to 30 June 2018 increased from £1.1m to £2.1m. In the same period the
company’s turnover also rose from £20.6m to £22.6m. Recent investment in equipment and training has seen production
and sales at the online retailer increase and over recent years it has grown its portfolio of products to include log cabins, garden offices and playhouses. The manufacturer secured
£400,000 from a Regional Growth Fund grant which was put towards a total £2m investment in new wood cutting machinery to enable a much wider range of log cabins to be manufactured on site in Worksop. Manufacturing capacity has
increased and sales have gone up by 55% since the products were launched on site.
‘The EU funding allowed us to buy the equipment we needed to speed up the manufacturing process’
The company has also invested
a further £400,000 on technology, equipment and training to run timber pressure treatment machinery. The equipment pressure treats
and preserves the wood used to manufacture the buildings meaning they’re lower maintenance and more durable. Founder Charles Walton said:
“The investment in the factory has come at the right time for us. Around two years ago we anticipated a gap in the market for log cabins so began design and manufacture. “The EU funding allowed us to
buy the equipment we needed to speed up the manufacturing process and as a result, we’ve seen capacity increase and sales go up.
We’re expecting the popularity of log cabins to continue to grow over the coming years and because we anticipated the trend, we’re ahead of our biggest manufacturing competitors. “The pressure treatment equipment is another good way for us to offer our customers more choice and a finished product which will require little maintenance and upkeep. “Feedback from time-poor
customers has told us this is what they’re looking for in a shed and wooden garden building and we’re keen to meet that demand. “Over the next 12 months we’ll
be looking at other ways we can upgrade the finished designs and offer our customers an even better- quality product.”
University celebrates move up the rankings
The University of Derby has risen three places in The Guardian University Guide from 29th to 26th place – its highest ever ranking. As well as being ranked in the top 30, Derby has been placed joint-third
out of 121 institutions for the number of students satisfied with teaching quality – a jump of 18 places in the league table for the metric. Derby has also been placed in the top ten for student satisfaction with
its courses and feedback. Welcoming the results from The Guardian University Guide 2020,
Professor Kathryn Mitchell, Vice-Chancellor of the University of Derby, said: “At Derby we have worked to deliver a powerful regional university that addresses the needs of our students, region and beyond. This has established us as a leading institution for social mobility, achieved through our academic and student frameworks, and highlighted by this latest Guardian University Guide position. “This improvement is a reflection of the hard work and dedication of our
staff and students, the support of key partners across the region, and our commitment to delivering excellence in teaching and learning, providing an outstanding student experience, and increasing graduate employability. “It also demonstrates how our Strategic Framework and our values,
The University of Derby’s Kedleston Road campus 8 business network July/August 2019
which we launched a year ago, are driving us forward to where we want our university to be - making a positive impact in our city, county and region, creating the next generation of game-changers, and opening doors of opportunity to anyone wishing to access education, regardless of their background.”
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