AEROSPACE engineering business The business, which has its base at the
Research published this week by trade body ADS suggested the
Martin, established in 1993 as a general engineering business but focused on aerospace since 2006, supplies parts for aero engines as well as providing supply chain management services into the sector.
The company said annual accounts being filed at
Alongside that financial performance, staff numbers rose from 61 to 74, with the majority of the posts being taken by skilled engineering workers.
"The aerospace industry is looking to
"Irrespective of what is happening in
He said: "Margins were relatively steady. Some product groups were up and some down.
"In terms of raw materials, metal demand has backed off and prices have not gone through the roof as they did five or six years ago. So prices have been steady, if not slightly dipping."
The Martin's order book has long-term visibility through supply deals with the likes of
As a result, turnover at the Scottish firm is predicted to see a double digit percentage rise over each of the next three years and reach around pound(s)9m in 2016.
He said: "We are looking forward confidently. There are peaks and troughs as that is what happens on a month by month or quarter by quarter basis but generally speaking, there is a rise in demand for our product.
"However, we are taking nothing for granted. We work in an industry where precision is everything and our success is built on meeting exact specifications every time.
"There will be investment in modern new equipment and the skills and techniques which are being applied to make that equipment efficient.
"It will also be in the types of IT and communication systems we have [in order] to make it easier for the customer to deal with us automatically."
Martin received a pound(s)100,000 grant from
While recruitment will continue in the months ahead,
He said: "It is not easy and you have to work harder at getting the right people than say 10 years ago.
"We have always maintained a strong apprenticeship scheme which allows us to organically grow our engineers as we go along."
AEROSPACE engineering business
The business, which has its base at the