A Somerset company that makes cavities for walls using recycled plastic experienced its most successful year to date in 2020 amid the coronavirus pandemic.
Wincanton-based Surecav saw growth in sales accelerate from a five-year average of 15% to 18% for the last quarter of the year.
The company is also forecasting its year-end EBITDA growth - a measure of a company's overall financial performance - on January 31 to be more than 50% up on the previous year.
Surecav said there was an “increasing appetite” for its recycled products following the growth of green construction.
The company's forecasts for 2021 to 2022 are positive, with a predicted increase of 20% to 30% growth. Surecav said it hoped to achieve a 100% increase in sales within two years.
Last year Surecav made a number of major investments as well as launching a new website. It also signed a contract with Wiltshire-based brushware and cleaning tools manufacturer Hillbrush.
According to Surecav, the new partnership will “open up a host of new audiences” for the brand, including a greater presence in emerging markets such as the US.
Founder and managing director Charlie Ayers said: “When you consider these results against the backdrop of an extremely challenging year, full of uncertainty, one cannot help but be positive.
“It seems that, with far more time available to consider alternative materials to meet the increasing number of sustainability briefs, fast becoming the norm across all construction projects, built environment professionals are discovering the benefits of SureCav.”
Mr Ayers added that Surecav would be “ramping up” sales and marketing activity in 2021 alongside new manufacturing partner Hillbrush.
