20 | Aycliffe Today Business
Bringing Aycliffe Business Park Together | 21
£750k
expansion
ends factory’s
seven-year
closure
The Gregg Little
Testing Centre
team in their
new uniforms
after family
firm undergoes
rebranding exercise.
A Newton Aycliffe factory which closed seven years
ago has re-opened thanks to a £750,000 expansion by
an existing fabrications firm, creating 20 new jobs.
Premo Fabrications has relocated from
28,000 sq ft premises at Coatham Avenue
on Aycliffe Business Park to the former
Thrislington partitions building on Durham
Way South.
Thrislington closed the 90,000 sq ft site
in 2008 after 62 years on the town, with the
loss of 60 jobs.
But Premo Fabrications has created
20 new posts by re-opening the factory,
including a new aluminium curtainwalling
doors and windows manufacture facility and
in-house design team, as part of ambitious
long-term growth plans.
The firm was formed in December 2009
by directors Dave Knowles and Beau Stevens
and in December last year it celebrated the
end of its fifth year by topping £5m turnover
for the first time.
Now Premo has plans to increase sales by
50% over the next two years and double it
to £10m over the next five years, as well as
creating at least 25 more jobs.
The company, which produce high-quality
sheet metal architectural fabrications such
as rainscreen systems, pressings, fascias,
gutter systems and rainwater goods, started
out with nine staff and quickly grew that to
30 by the end of 2014.
Premo now has 49 employees after
investing £750,000 in its relocation, including
outlays on new machinery and kit, enabling it
to explore new markets.
Director Beau Stevens explained: “Our
sector is constantly under pressure where
price is concerned and we reached a sta