Penny Hydraulics reports record year

Penny Hydraulics has announced a record sales year with an annual turnover of £6.1m, up almost 10 per cent on 2014.
The Chesterfield-based family business is a manufacturer of load handling equipment for commercial vehicles, factories and workshops, retail and licensed premises.

Robin Penny, managing director, said: “Our success to date has been achieved through hard work, an understanding of the market and our competitors and but most of all through understanding our customers’ needs. We have a wealth of knowledge, experience, drive and the willingness to achieve, the third generation of Penny Hydraulics want to push the business to the next level. By the end of 2016 we wish to have grown turnover to exceed £6.5m.”