What credit crunch?

The company’s sales growth was up 12% on 2007 with total sales for the year worth £11.4m. Despite suffering losses almost every year from 2002 to 2006, this year the company invested £560,000 on new equipment and created 20 new managerial and technical jobs. Specialising in electronics components for defence and aerospace industries, Oxley now plans further growth for 2009. Managing director, Peter Cotterill, explained: “Whilst we are cautious about current economic climate, we are committed to growing the business organically and we believe that we can double the size of the business within the next three to five years. In order to support the anticipated growth, we have invested, and will continue to invest, in the right people and equipment to enable us to satisfy our customers’ demanding requirements. To be able to do this, we must run a profitable business and in 2008 our financial statements prove that we have achieved this.”