Managing director Quen Baum said the firm had a particularly good second half, having launched a series of machines at Ipex last May.

He added that, although exports had contributed very strongly to the figures, UK sales held up well in a particularly difficult year.

Export markets that were strong in the second half included France, Italy, the US, Australia and Russia.

Baum said: "This was due to new product introductions and the fact we established new sales channels in several of these countries. Sales of the AutoCreaser Pro increased by 75% over the previous model, while DigiFold Pro sales were up by 100%."