Bindatex founder Chris Lever
Chris, a committed member of the Bolton Manufacturers Group and founder of Bindatex, began working with the Manufacturing Advisory Service (MAS) in 2010, when the business was turning over less than £60, 000 a year. Specialising in buying-in, precision cutting and supplying foil, fabric and paper to book binders, the company realised it could use the same technology to replace metal items in aeroplanes.
With the help from MAS, Chris managed to secure a grant of £11, 000 from the Technology Strategy Board (TSB) to conduct a market feasibility study. Following the success of this study, Bindatex secured a contract worth £1m to work with a global manufacturer and European aircraft manufacturer, making components for the ground breaking ITER project, an international nuclear fusion research and engineering project.
As a result Bindatex have employed three more members of staff, invested in new machinery and is forecasting a boost in turnover by 500 per cent.
To read the full story and hear what Chris and MAS Advisor, Mark Sutherberry, had to say please follow the link: Manufacturer secures £1m after expanding into aerospace sector