CB Expertise revenues enhance 36% with important development in employees

SCOTLAND’S largest impartial electronics contract producer, CB Expertise, has delivered a 36% enhance in turnover for 2022-23, taking its revenues to £14.3 million.

CB Expertise’s revenues have elevated 500% for the reason that profitable administration buy-in backed by Maven Capital Companions in 2015.

The Livingston-based electronics manufacturing service (EMS) supplier stays on observe to realize its £20m turnover goal by 2025.

Ryzen chip
The corporate are on the way in which to creating £20m.

Over the past 18 months, CB Expertise has continued to efficiently diversify its manufacturing functionality past its conventional power sector involvement with the addition of recent purchasers in communications, IoT, and the life sciences sectors.

The corporate continues to spend money on new gear, together with growing its headcount to 85 during the last 12 months.

CB Expertise has additionally performed its half in growing the subsequent era of digital engineers by taking up three apprentices whereas planning to extend that quantity over the approaching 12 months.

This strong development trajectory is forecast regardless of an expectation that the UK financial system will contract by round 1.4% in 2023, with Make UK anticipating a 3.2% discount in output within the manufacturing sector in comparison with final 12 months.

CB Expertise has constructed a robust status for supplying advanced and extremely dependable digital parts worldwide, manufactured to globally famend requirements from its devoted facility in West Lothian.

The corporate, based in 1999, provides cutting-edge know-how services and products to blue-chip multinationals, while concurrently partnering and supporting the expansion of progressive SMEs throughout the UK.

John Cameron, Managing Director at CB Expertise, mentioned: “Our newest monetary outcomes are a testomony to the abilities and laborious work of our group with the continued help of our progressive prospects and devoted shareholders.

“We stay extraordinarily optimistic about our development trajectory and the broader electronics manufacturing sector in Scotland.

“Regardless of a spread of great occasions making a problem for the worldwide manufacturing business, CB Expertise has established a robust place for itself throughout the electronics manufacturing sector.

“We’ve achieved this by way of strategic alignment with cutting-edge prospects within the IoT, sensing know-how and life sciences sectors.

“The corporate’s manufacturing capabilities and expertise, mixed with our monetary energy, will proceed to place CB Expertise as a dependable and trusted companion for globally established Authentic Gear Producers in addition to progressive SMEs.”