News: New advisers as MTL looks for further growth
Rotherham manufacturing specialist, MTL Group, has appointed the Sheffield office of BDO LLP as it revs up for growth.
MTL Group is one of Europe's fastest growing project manufacturing specialists in the metal sector and is a global exporter of secondary steelwork. It works with a global blue-chip customer base in the defence, construction equipment, rail and off-shore wind energy sectors.
BDO LLP, which recently merged with PKF, is the world's fifth largest accountancy network, with specialists in a number of sectors, including manufacturing.
BDO won a competitive tender to provide audit and business advisory services to MTL Group. Following continued growth since moving into a 300,000 sq ft modern manufacturing facility in Brinsworth in 2011, MTL is now looking to expand its exports and overseas presence, with a long term plan to invest in overseas manufacturing facilities.
Founded in 1995, MTL Group processes around 30,000 tonnes of material annually and provides a range of services from laser cutting and machining to press braking and surface treatment. They underwent a management buyout in 2006 and has doubled its turnover in the last five years to £50m.
Since the move to Rotherham, where it employs over 350 staff, MTL almost doubled its export sales to £7.3m. It also operates a dockside facility in Blyth, Northumberland where it services the offshore and renewable energy sector.
Craig Burton, audit partner at BDO LLP in Sheffield said: "MTL is a dynamic and ambitious business that has set its sights on growth. It operates in sectors that provide real opportunities to such an innovative company, such as offshore wind and defence. We are very much looking forward to working with the management team going forward, providing audit services to support the company's growth strategy."
David O'Hara, Group Finance Director at MTL Group, said: "Choosing a new adviser to support our expansion plans was a big decision. We wanted to work with a proactive team that knows our market and is committed to a genuine partnership approach.
"BDO's experience of working in advanced manufacturing and the sectors we supply to is impressive, as too is its international capabilities. We believe they will play an important part in our future success."
MTL Group website
BDO website
Images: MTL Groyp
MTL Group is one of Europe's fastest growing project manufacturing specialists in the metal sector and is a global exporter of secondary steelwork. It works with a global blue-chip customer base in the defence, construction equipment, rail and off-shore wind energy sectors.
BDO LLP, which recently merged with PKF, is the world's fifth largest accountancy network, with specialists in a number of sectors, including manufacturing.
BDO won a competitive tender to provide audit and business advisory services to MTL Group. Following continued growth since moving into a 300,000 sq ft modern manufacturing facility in Brinsworth in 2011, MTL is now looking to expand its exports and overseas presence, with a long term plan to invest in overseas manufacturing facilities.
Founded in 1995, MTL Group processes around 30,000 tonnes of material annually and provides a range of services from laser cutting and machining to press braking and surface treatment. They underwent a management buyout in 2006 and has doubled its turnover in the last five years to £50m.
Since the move to Rotherham, where it employs over 350 staff, MTL almost doubled its export sales to £7.3m. It also operates a dockside facility in Blyth, Northumberland where it services the offshore and renewable energy sector.
Craig Burton, audit partner at BDO LLP in Sheffield said: "MTL is a dynamic and ambitious business that has set its sights on growth. It operates in sectors that provide real opportunities to such an innovative company, such as offshore wind and defence. We are very much looking forward to working with the management team going forward, providing audit services to support the company's growth strategy."
David O'Hara, Group Finance Director at MTL Group, said: "Choosing a new adviser to support our expansion plans was a big decision. We wanted to work with a proactive team that knows our market and is committed to a genuine partnership approach.
"BDO's experience of working in advanced manufacturing and the sectors we supply to is impressive, as too is its international capabilities. We believe they will play an important part in our future success."
MTL Group website
BDO website
Images: MTL Groyp
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