Congratulations to Tividale firm Ramfoam, which is celebrating a rise in profits in the financial year to 31 March 2020.
Accounts released for the 12-month period from March 2019 show a rise in pre-tax profits of over 52 per cent, up from £207,480 to £317,377. Turnover also rose from £8.7m to £9.3m.
The company, which is headquartered on Hainge Road has had a very successful summer. Ramfoam specialises in the manufacture, conversion and supply of foam to a huge range of industries, and as we highlighted in a September #MadeInSandwell Monday feature, was awarded a government contract to supply safety visors to the NHS.
The visors, specially developed to protect against Covid-19, are lightweight, reusable and have a hypo-allergenic foam headband which can be adjusted to fit within seconds. Ramfoam is producing millions every day, leading to the creation of nearly 300 new jobs.
Think Sandwell wishes Ramfoam all the best for another successful business year. For information about how we can help support your company to grow and achieve, visit our Business Services pages.