Anglia Components today announced a five-year plan to grow their share to 10 per cent of the UK electronic component distribution market, with a turnover of £100 million. The company has outgrown the market for the last seven years and is confident of achieving this growth organically.
Anglia’s strategy for growth is based on exceptional service delivered by exceptional people. Steve Rawlins, CEO, Anglia said: “We are continually investing in our service and our people. For example, we have added Anglia Sigma, a comprehensive, free dashboard which provides analysis of forward, current and historical orders and enquiries, as well as a vendor rating feature showing Anglia’s delivery performance. This allows customers to directly measure our service. We have challenged our competitors to publish their delivery performance figures which they have so far failed to do. We also strengthened our inventory position in the autumn, allowing us to continue to support customers as supply tightens and the industry moves to allocation.”
Anglia CEO Steve Rawlins plans to grow the company organically to £100 million turnover by 2022
Anglia is the UK’s largest independently owned component distributor with an on-target turnover of £60.8 million in 2017. It was the UK’s fifth largest component distributor in 2016 (according to the electronic component supply network (ecsn) and the 27th largest in the world (according to Source ESB). Anglia grew 7.6 per cent in 2016, twice the rate of the ecsn DTAM.
Steve Rawlins concluded: “We are continuing to expand our team as our business grows, adding further exceptional people to maintain our high levels of customer service. Right now, we are seeking six additional Field Application Engineers (FAEs). The UK market is buoyant, with manufacturing exports boosted because sterling is now at the right level. Our forward order book is stronger now the strongest it’s ever been.”