The St Neots-based business said both the return of live events, exhibitions, and conferences – traditionally strong areas for the business, and its expansion into new sectors such as heritage and museums, sports stadia, retail, and corporate projects, were driving the growth in sales.
The company’s management team had used the first Covid lockdown in the spring as an opportunity to investigate and develop other sectors, after many of its key sectors were shut down overnight. A number of these new revenue streams have remained strong since, even with the return of its traditional markets.
This has led the company to expand its headcount by six to 84, with a new senior business development manager, junior account manager, and project manager joining since the start of July. Three production staff started at the business shortly beforehand, and more appointments are planned in the coming months.
Four of the company’s existing staff work at its aluminium display specialist subsidiary Aluvista, which is based in a unit adjacent to MacroArt’s main production building.
MacroArt managing director Michael Green said: “If the pandemic has taught us anything, it is that, for our business to survive and thrive, we must continue to evolve as a business, and the recent appointment of our new non-executive chairman, Dominic Riley, has helped us to see the wider picture regarding our capabilities.
“We are excited by the future of MacroArt and keen to see where else our business can grow.”
Earlier this year MacroArt commissioned a formal ‘top to bottom’ review of its green credentials from Green Circle Solutions as part of a new initiative to reduce its environmental impact.
The company also recently became the first company in Europe to implement Lift ERP, a new platform from Lift Software.
Last year it secured £3.3m in additional working capital after proving its continued growth following an MBO in 2014.