Company of Connect Yorkshire EIR, Gripple, an employee-owned Sheffield-based manufacturer of wire joining and tensioning devices, has posted rising profits and turnover amidst difficult economic conditions.
Issuing its results for the year ended 31 December 2025, the company records turnover of £128.8m (2024: £121.3m) and pre-tax profits of £5.2m (2024: £4.8m). The business employed an average of 932 workers during 2025, compared to 956 in 2024.
Gripple’s report for the year states: “Despite 2025 being another challenging year, it was still a year of continued investment and success throughout the business.
“We remain focused on long-term growth, investment in new products and looking after and rewarding our employee owners worldwide in times of significant rises in cost of living.
“In the circumstances it is pleasing to report an annual sales volume growth of 8.1 per cent, with an annual net profit before tax of £5.2m.
“A number of new products were launched during the year including developments in new markets such as Rail, Solar and Seismic; all of which contributed to the total of £20m new product sales.”
Gripple, which was established in 1989, adds it remains in a strong position to continue to support long-term business growth and trade profitably despite high inflation, cost of living, US tariffs and the wars in the Middle East and Ukraine.
It says expansion to facilitate future growth targets was supported by its purchase in January 2025 of land and buildings at Windsor Street in Sheffield, UK. Through the course of 2025 and into 2026 the site is being renovated and will become operational in quarter three 2026.
The business says it will continue to support specific investments and will launch a number of significant new products to support expansion in key markets.
Article via thebusinessdesk.com
