Growing electronics sub-contractor Midway has invested more than £80,000 in the launch of a new business – so it can offer a ‘cradle to grave’ service to its customers.
The Midway Group, which is based at the former Aynsley China factory shop in Longton, Stoke-on-Trent is already made up of Midway Manufacturing – which specialises in electro-mechanical assembly – and Midway Design, which focuses on design and development projects.
But now Midway Contract Electronics Ltd has been launched as part of the company’s ambitious growth plans to become a £5 million business within the next five years.
Midway Contract Electronics specialises in rapid-response and low-to-medium volume PCB assembly for customers across the 海角视频 and Europe.
Already new positions have been created following the company’s launch – taking Midway’s total workforce up to 26.
Last year, the Midway Group turned over £1.2 million and – thanks to the introduction of Midway Contract Electronics – expects to exceed £1.6 million in 2019.
Managing director Phil Harper said: “Midway Manufacturing is 30 years old this year and for the majority of that time we have specialised in cable and electro-mechanical assembly.
“We launched Midway Design two years ago so we could meet the design requirements of our customers and now with our new company, Midway Contract Electronics, we will be able to offer a one-stop shop service.
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“Our customers can come to us for everything from design to electronics and electro-mechanical manufacturing.”
Midway Contract Electronics is due to be officially launched in August, but already around £96,000 of work has already been secured by the company.
Phil added: “Previously we outsourced this work but now we have the ability to do everything in-house. Our customers will still see the same quality service but will get added benefits such as faster delivery times.
“We are also offering this service as a standalone service for new customers, as well as existing clients.”
Rob Colclough – who has 22 years’ experience in the industry – joined Midway earlier this month to help promote and grow the Midway brand.
The sales and marketing director said: “Midway Contract Electronics will focus on lower volume opportunities such as prototypes for SMEs.
“Our new capabilities will mean we are able to provide faster delivery to our customers but the focus will always be on service and quality.
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“We estimate that we can bring lead times down from 16 to 20 weeks to around 15 days where required.”
Rob added: “We have built a really strong team here at Midway. We each have our own strengths which will allow us to grow each aspect of the business as well as the entire Midway group.”
In the next 12 to 18 months, bosses at Midway expect to outgrow their existing Sutherland Road premises and will be looking at additional sites in the city.