Synseal Extrusions Ltd has won the prestigious Nottinghamshire Company of the Year Award, part of the Nottingham Post Business Awards and the top accolade of its type in the East Midlands region. The KPMG and Nottinghamshire County Council-sponsored award was presented on the 7th July during a ceremony held at the Council House, with the evening sponsored by the University of Nottingham.
The award is now in its 25th year and past winners include, Experian, Hilton Building Services, Hardys & Hanson plc and North Midland Construction plc. Synseal faced stiff competition from various sectors for the 2011 award, including Direct Health Group Ltd, Heart Internet Ltd and SMS Electronics Ltd.
Synseal was recognised for moving robustly to combat declining traditional markets and now making a name for itself in the new-build and commercial property sectors. The company has increased its market share against struggling peers while investing up to £4 million a year in plant, people and new products – sustaining double-digit operating profit during a period over which many competitors have either ceased trading, been swallowed up, or have sustained worsening financial performance.
The 30 year old company is the largest British-owned PVC-U window systems extruder, turning over more than £70 million while employing some 500 people locally, placing Synseal in the top three of its kind in the UK.
Chief Executive David Leng, who led the management buyout of the company late in 2009 and who accepted the Award at the presentation said: “This Award has been gained thanks to the efforts of all our staff; they can feel very proud of themselves. It is also recognition of manufacturing businesses and those involved in construction, especially those in the window industry, all of which have become unfashionable in recent years. The window industry is a vibrant, dynamic sector that is a major employer bringing significant benefits to the UK and its economy and this Award is for the industry as a whole as well as Synseal.”