Investment in apprentices to propel Aero Stanrew to further success
Posted on: 8 October 2015
A high-flying Devon-based company is ensuring that it invests in its staff in order to continue its success.
Barnstaple based Aero Stanrew supplies electronic components and systems to giants of the global aerospace industry.
The company has undergone rapid and consistent growth since Clive Scott joined as Chief Executive in 2001, having implemented an ambitious expansion strategy that put more focus into designing electronic systems rather than just components for aircraft as well as moving into adjacent high reliability markets.
The company currently employs 250 people – 210 in Barnstaple – making it a significant employer in north Devon.
Having launched its apprenticeship scheme in 2011, Aero Stanrew’s long-term aim is to hire more apprentices to make up 10% of its workforce, as well as improving the skills of its engineers, which could provide a major boost to skilled employment jobs in the county.
Clive Scott said:
“Fundamental to our growth ambitions is the development of a highly skilled workforce. Our ambition is to improve the skillset of our engineers and to develop our leaders of the future from within the company, meaning more skilled work being located here in Devon.”
While the company’s sales have doubled from just over £8 million in 2010 to over £16 million in February this year, it started from smaller beginnings, forming in 1948 under the name Aero Transformers Ltd.
Relocating to North Devon in the 1970s, the business really took off in 1980 when it merged with Stanrew Electronics to become Aero Stanrew. Within a decade, the combined talents of both businesses allowed it to access major ‘Tier 1’ customers serving the likes of Airbus and Boeing.
The company now supplies product on to every Airbus and Boeing in production including the Airbus A380 and Boeing Dreamliner.
Aero Stanrew branched out in 2010 – diversifying to launch its first product in the oil and gas sector, an area which is worth more than £1 million to the business today. It now also supplies defence, space and renewable sectors.
As well as its main headquarters in Barnstaple, Aero Stanrew also has a manufacturing facility in Tunisia, an emerging electronics hub, which it opened in 2014 and where it now employs 40 staff.
The company plans to invest further in new facilities as profits rise. Future plans for development include increasing levels of automation within the manufacturing process to improve efficiency and having closer relations with Tier 1 partners.
Devon County Council’s Cabinet Member responsible for the economy, Councillor Andrew Leadbetter said:
“This is another example of a thriving global business operating successfully from Devon. It goes to show that as a county, Devon has a lot to offer businesses in terms of skills, accessibility, below average rents and rates, and of course a great work life balance. Devon is continuing to make significant progress in the roll out of superfast broadband to businesses and households, which is also attracting businesses large, medium and small to the county.”
The achievements that have come with Aero Stanrew’s success have not gone without recognition in the business community. The company received accolades from the aerospace industry for quality and safety in 2010 and 2012. The company was also honoured with the Queen’s award for Enterprise in International Trade in 2014, confirming its success both at home and worldwide.
For more examples of businesses in Devon visit Devon Delivers.
Posted in: Business and Economy