Future 50 List
Shaun Davis
tp24

The growth of tp24 is of such a scale that in 2012 the business will begin the search for new premises.

The business, which designs, manufactures, imports, distributes and retails low energy domestic lighting, can continue to grow at current levels and continue to deliver from its current base for two to three years maximum, but beyond that it will need to move.

The figures are impressive. In the financial year ending July 2011 turnover was £1,800,000. This was an increase of 39pc over the same period for 2010, which in turn had seen a 49pc increase on the year before that.

And sales for the first quarter of the current financial year are ahead of target at 45pc.

Alongside this strong sector growth, the company has increased staff levels and investment in research and development and improved information technology.

New staff include three new graduates in graphic design, product design and public relations with a view to building for the future and nurturing new talent whilst also embracing social media to promote the brand and improve the product offering.

'The company remains focused on the core business, supplying the new homes sector with low energy lighting,' said managing director Shaun Davis.

'New legislation has increased the requirement for low energy lighting in new homes from 25pc to 75pc and as a consequence builders are largely putting 100pc energy saving lighting in all new homes.'

The industry is facing challenges because of the increase of LED and the company is working hard on migrating all of its products to LED.

Further links have been formed with the ecobuild community and renewables sector which is providing an array of exciting prospects.

Location: Chatteris
Sector: Manufacturing and retail
Turnover: £1.8m
Staff: 26
Website: www.tp24.com
growth of tp24 is of such a scale that in 2012 the business will begin the search for new premises
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