AIS Achieves Record Year with 63% Growth

Updated on Monday 2 August 2021, 11:30 AM

3 Minute Read

AIS Achieves Record Year with 63% Growth

Ainscough Industrial Services (AIS) has achieved a 63 per cent increase in revenue, with turnover rising from £16.85 million to £27.5 million at the end of the 2020/21 financial year.

Helping clients to adjust to altered trading and operational conditions during COVID-19, the company has seen strong demand for lifting, moving, factory relocation, decommissioning, and installation services across all seven AIS Vanguard locations in the UK. The company’s European joint venture business, AIS EURELO is also growing rapidly, with locations in Essen (Germany), Lodz (Poland) and Olomouc (Czech Republic) providing industrial services to clients all over Europe and beyond, often with complex cross-border requirements.

AIS’s wind turbine installation, decommissioning and maintenance business, AIS Wind Energy, is also performing well and has achieved sales of £8.45 million following its first full year of trading.

Ainscough’s CEO, Matt Ainscough commented: “This year has seen a real turnaround for AIS, following several years of rationalisation to remove loss making parts of the business.

“We have also seen a real change in client investment behaviour. Following several years of low levels of capital investment in machinery, driven by Brexit indecision, along with a slight hiatus prompted by the 1st COVID lockdown, it’s clear that confidence is rising, which has led to a sustained increase in demand for our machine moving and installation services throughout the UK, Europe and beyond.”

Looking ahead, AIS expects to continue this pattern of growth across the group, thanks to market buoyancy spurred on by post Brexit investment, changes in product and production technology, investment in green energy and a variety of other industry-specific factors. For example, Government targets for the transition to electric vehicles by 2030 will involve new equipment for automotive manufacturers, along with battery plants and charging infrastructure, and the company is the ideal industrial services partner to support automotive clients during this period of change.

As strong demand for the company’s expertise continues, AIS is also committed to investing in extending and renewing its fleet of lifting equipment and vehicles to keep pace with growth and continue offering the same high standards of service and technical support.

“We have already secured 51% of the current year’s group budget within the first two months of the financial year,” Matt Ainscough adds, “and have begun the 2021/22 financial year with raised confidence & optimism after last year’s results.

“It’s testament to the hard work, skills and loyalty of our team, who have continuously gone above and beyond for the company and our clients, and we look forward to sustaining that service-led approach as we continue to grow.”

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