Supply chain management company The NBT Group has outlined ambitious growth plans after investing £500,000 into the business.
Following a successful 2017, which saw turnover reach £14m, The NBT Group has set its sights on further increasing this figure to £20m, whilst also increasing its workforce to 60, creating 12 new jobs across the business by the end of 2018.
The Killingworth-based business has invested significantly in R&D and strengthening its team over the past two years to help meet increased demand from its key growth sectors, including the automotive, rail, food & beverage and general manufacturing industries.
Further investment in the fourth-generation family business is also planned as The NBT Group continues to acquire new businesses, whilst creating an engaging workplace centred around growth whether as an individual or a business.
The NBT Group’s CEO, Toby Bridges said: “Through the introduction of our new technology we have been working closely with our clients to transition them into a new way of working, which not only reduces their overheads but improves efficiency whilst making their lives easier.
“As a result of our recent investment we have seen substantial growth across a number of sectors, particularly the automotive sector, through new contract wins and by expanding our offering to existing clients.”
The NBT Group is one of the longest standing business supply companies in the North East which comprises a growing network of businesses that enables the automation and control of the supply of everything on a client’s site that, in the main, is not their core material.
Toby added: “The NBT Group is on an ever-evolving journey and we’re excited to see where our second century in business takes us. We are a 109-year-old start-up and we are constantly pivoting to help strengthen our clients’ businesses.
“We have changed radically in the last three years alone, and as we continue to adapt, further investment into the business is planned as well as across our growing network of businesses as we welcome new brands into the NBT family.”