Name is changed as buyout secures 40 jobs
A management buyout has secured all 40 jobs at a shop fitting business in Netherton which is also an expert in school library design and installation.
Point Eight has also changed its name to Nought Point Eight following the buyout which has been supported by a £100,000 investment from Wolverhampton businessman Gary Trim.
Wayne Massey is joining the com,any as commercial manager.
He is teaming up with logistics and installations manager Paul Bailey, production manager Keith Churchill and technical manager Jeff Rowntree.
Mr Massey said that Mr Trim was also planning further capital investment to help the business grow. "Our turnover for the year to the end of June was £2.5 million and we are aiming to increase that to £3m for 2014-2015," he added.
The company originally started in Shaw Road, Dudley, in 1978, and moved 15 years later to Narrowboat Way. It moved to its present 23,000 sq ft premises at Washington Centre in Halesowen Road at the start of this year.
Nought Point Eight's customers include WH Smith and a number of local authorities including Sandwell Council for which it specialises in library and school library fittings.
"We are currently doing a home economics and library refitting project at Milking Bank Primary School in Dudley and have won a contract to fit out a library at the Dominion Centre in Ealing for Ealing Council," said Mr Massey. "We are looking to win more work going forward and employ more people. We are already taking on a new sales manager," he added.
The company exhibited at the recent SLA' event in Manchester to raise awareness of its work with schools, particularly its expertise in libraries.
Niall McWilliams, Head of Carterton College, which won the 2013 SLA Design Award with it's new library from Point Eight, was a keynote speaker.
