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History

2011

  • Business established and incorporated in October 2011 by Paul Taylor.

2012

  • March — website goes live
  • End 2012 — first laser machine sold (Gemini-1 to customer in France).

2013

  • Equity investment package from Finance Wales and the Wales Business Angel Network.
  • Development of Mercury-1, Odyssey-1 and Titan-1 with attendant orders.
  • First employee recruited.

2014:

  • Building and delivering on orders secured in 2013.
  • Development of Mercury-2.
  • Business now has 4 employees.

2015:

  • 2nd round of equity investment from Finance Wales and Wales Business Angel Network to facilitate move from Merthyr location to 5,000 sq ft unit on Treforest Industrial Estate.
  • Launch of first standard product (Mercury-2) with break-even point reached in Q4.
  • Increase of workforce from 4 to 7.
  • Laser Wire Solutions joins Welsh Government’s Business Wales Accelerated Growth Programme. This programme helps the company increase export sales by more than £1 million in the following year.

2016

  • Development of 2nd iteration of standard machine, unique to market.
  • Attracted by the above build, Schleuniger AG (a US$160 million international business in mechanical wire stripping market) becomes a partner to Laser Wire Solutions with 20% shareholder investment.
  • Launch of the Mercury-4 system – a collaborative project with Schleuniger.
  • Partnership formed with a significant multi-national customer in interconnect market.
  • Set up of wire contract stripping as a service.
  • First year of profit-taking on a £1.5 million turnover (>500% growth on 2014).
  • Total employees now number 15.

2017

  • Development and launch of Odyssey-4 for precision stripping of ultra-fine wires used in medical and high-speed data transmission devices.
  • Turnover more than trebled to £5.1 million in wake of the Odyssey-4 launch and addition of a key customer for this technology in the medical device market.
  • Staff headcount now 26.

End 2017 / Early 2018:

  • Launch of 4 new laser wire stripping machines: two for the automotive market (Mercury-5 and Mercury-6), one for a high-speed data transmission application and a fourth for high temperature aero-engine application (Gemini-6).

2018

  • Design and manufacture of dereelers (a new technology avenue and a break from laser wire stripping) for one of our blue-chip customers.
  • Secured HM Queen’s Award for Enterprise in recognition of the company’s contribution to International Trade.
  • Listed within the top 200 of FT1000 Europe’s Fastest Growing Companies (5th in UK manufacturing).
  • Achieved an astonishing 12th position in The Sunday Times Tech Track 100 league of fastest growing and privately owned technology companies in the UK.
  • Laser Wire Solutions makes it to the FT Future 100 UK list of fast growing UK companies that are also making an impact on their industry, or wider society.
  • Scored a hat trick at the Wales Fast Growth 50 Awards 2018, attended by over 900 guests at the Motorpoint Arena in Cardiff, winning the award categories: international trade, manufacturing & engineering, equity invested firm.
  • Laser Wire Solutions ranks 15th in the Deloitte UK Fast 50, a technology award programme, recognising the fastest growing technology companies in the UK.
  • Staff headcount reaches 27.

HJ-LWS-Team-Photo-Queens-Award-Presentation_opt

Presentation of HM Queen’s Award for Enterprise (International Trade) by local dignitary and royal representative Dame Kate Thomas to the team of Laser Wire Solutions on 18th July 2018.
 

2019

  • Staff headcount nudges up to 29.
  • Laser Wire Solutions reaches position 42 in the FT 1000 list of Europe’s fastest growing companies (an advancement of our position in 2018 when the rank was 176).  This list is based on highest compound annual growth rate in revenue between 2014 and 2017.

Enquiries and Sales

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