Company boss looks to future

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MORE orders are on the way at a resurgent company, according to its ambitious chairman.

The Stadium Group is said to be flourishing after emerging strongly from the recession.

Its plant in Brenda Road, Hartlepool, already has contracts lined up to replace ones which are due to end, said the man at the helm Nick Brayshaw.

The Mail told yesterday how the Stadium Group, which includes Stadium Electronics in town, saw profits before tax increase by 95 per cent from £1.4m in 2009 to £2.8m last year.

Mr Brayshaw described the future for Stadium in Hartlepool as “steady as she goes”.

He said: “It has been pretty stable in recent times and I would be happy for that to continue.”

He could not reveal details of the new work, but added: “We have got some work coming in and new programmes to replace ones that are redundant. We can see a steady work pattern.

“We are happy with what the workload looks like. It looks okay.”

Stadium makes electronic parts such as circuit boards for major companies in industry, electronics and power and employs 100 people in Hartlepool.

Mr Brayshaw said its aim was to become the leading UK company in its field.

He added: “The company has the financial resources available to invest in the people, processes and technology required to deliver further progress towards this goal during 2011 and beyond.”

The results were revealed on the same day that chief executive Nigel Rogers announced his plans to stand down from April.

Mr Rogers will officially step down at the company’s annual meeting on April 19.

Mr Brayshaw said: “I want to pay tribute to him and his team for the work they have done over 10 years.

“We are currently looking for a new chief executive but these things tend to take a few months.”