Precision engineering company invests £500,000 and sees turnover triple
2 June 2015
A South Yorkshire precision engineering company, which has invested half a million pounds in new machinery, has seen its turnover triple.
Electrical discharge machining company Erodatools has spent £500,000 on six new precision cutting machines in the past two years. It now has 23 machines to meet the demand for its highly specialised services.
The Penistone-based company, whose past clients include Rolls Royce, BAE Systems and BNFL, was set up 42 years ago by brothers Ken and Tony Rolfe.
It has become one of the leading specialists in its field in the region and is based in a purpose built 8,500 sq ft factory, from which it provides both wire and spark erosion services.
The company is receiving advice from business support programme Enterprising Barnsley, run by Barnsley Council.
In 1990 the company was destroyed by fire and lost its premises and all of its machinery.
Managing director Ken Rolfe said: “The fire raised our building to the ground and it was really traumatic for everyone involved. It had a massive impact on our business at the time.
“Despite the set-back we managed to rebuild the company and, even in the current economic climate, we have tripled our turnover in the past five years.”
Electrical discharge machining (EDM) is a manufacturing process whereby a particular shape is created using electrical discharges or sparks. EDM can be used to cut intricate contours or cavities in pre-hardened steel without the need for heat treatment to soften and re-harden the metal.
Erodatools was originally based in a workshop owned by William Gittus, a firm which built and repaired railway wagons, and it continues to manufacture components for the railway industry to this day.
It also works across a wide range of other industrial sectors, including aerospace, marine and automotive, petro-chemicals and textiles, nuclear energy, surgical, military and oil and gas exploration.
“Our investment in new machinery has meant that we are capable of increasing profitability and we have the capacity to serve a variety of industries,” said Ken.
“We have always been inventive and innovative and like to find ways of solving problems. We love the challenge and it has become a way of life.”
The company can handle pieces up to five tonnes and can machine as small as three microns, which is three millionths of a metre.
And, with electricity bills reaching around £30,000 a year, Erodatools has gained support from Northern Powergrid to install a new electricity substation which will benefit the industrial site where it is based.
Ken is proud of the family-run business. Daughters Caroline and Charlotte have joined son Chris and nephew Phil who are both longstanding employees. The company now has 10 staff and turnover is increasing year on year.
Enterprising Barnsley has helped Erodatools with advice on accounting and production planning.
“We realised we needed help with computerising our systems so we approached Enterprising Barnsley, and they’ve been brilliant,” said Ken.
Enterprising Barnsley offers a wide range of free business support to small and medium-sized business with growth potential. The programme is supported financially by the European Union and has attracted £3,015,276 investment from the European Regional Development Fund as part of Europe’s support for the region’s economic development, through the Yorkshire and Humber ERDF Programme.
Andy Arnold, of Enterprising Barnsley, said: “We are delighted that the company is investing in new machinery and doing so well.
“They are one of only ten companies in Yorkshire offering such specialised services and it’s a great success story, particularly considering they had to recover from a terrible fire.
“There is clearly a strong demand for precision engineering in a wide range of industries and it’s brilliant that we have such expertise right here in South Yorkshire.”
Notes to editor
Attached photograph shows Ken Rolfe, Managing Director of Erodatools.
For more information about Erodatools go to www.erodatoolsltd.co.uk or contact Ken on 0800 533 5825
The Enterprising Barnsley programme is part financed by the Yorkshire and Humber European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs. For more information visit www.gov.uk/browse/business/funding-debt/european-regional-development-funding
For information about Enterprising Barnsley go to www.enterprisingbarnsley.co.uk or contact Mark Storey on 01226 772 996 or at MarkStorey@barnsley.gov.uk
Additional media contact: Sally Brown on 01226 766900 or 07950 870864 or at email@example.com
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