Leicestershire firm Abacus Flooring Solutions is moving to bigger premises following a year of continued growth.
The resin flooring specialist will triple the size of its facility when it moves from its current site in Coalville to a new 3,000 sq ft industrial unit in Belton Road, Loughborough.
Established three-and-a-half years ago by Nick Megson, Abacus has also grown from nothing in 2020 to a £1m-plus turnover last year – with a current forecast that it will break the £2m barrier by the end of this year.
The company’s success is largely the result of a ‘world-first’ innovation developed by Nick called Abaplas. Abaplas is a resin flooring system that uses 100 per cent recycled waste plastic as a bulking material instead of the traditionally used silica sand, which is damaging to human health and the environment.
The firm’s expansion will trigger the launch of a new umbrella company, Abacus Materials Ltd, which will consolidate the trading and handling of all recycled plastics and resin flooring systems.
Nick said the Loughborough move is initially expected to create up to five new jobs, adding to the eight full-time staff already employed by Abacus. He will also establish a new training centre to encourage a new generation of younger workers into the resin flooring industry.
“If you’d told me three years ago that Abacus would grow to a £2m company operating from a 3,000 sq ft site, I simply wouldn’t have believed you,” said Nick. “I often have to pinch myself to convince me that this is not a dream.
“But our order book has gone through the roof and continues to grow. After winning multiple awards, mostly as a result of the Abaplas invention, we are now making great strides in the global market as well as the UK.
“Business is certainly booming. People have quickly caught on to the fact that Abaplas is hugely sustainable; it cuts the carbon emissions produced by the heavy mining of silica sand as well as preventing vast quantities of waste plastic ending up in landfill or the world’s oceans.”
