Locit, a leading manufacturer of steel lockers and innovative storage solutions, has appointed a new Chief Financial Officer (CFO) as the company forecasts 20% growth for 2025.
Richard Jones, a seasoned finance professional with over 30 years of experience in the manufacturing industry, joins the Deeside-headquartered company to strengthen its leadership team.
His appointment comes at a pivotal time as Locit sets ambitious targets following a strong 23% increase in sales orders during Q1.
A CIMA-qualified finance expert, Jones has previously held senior roles at manufacturing leaders such as Kronospan, Magellan Aerospace, and Tata Chemicals, where he honed his expertise in cost optimisation, strategic planning, and operational excellence. He will leverage this experience to support Locit’s aggressive growth target, as the company is poised to surpass £7m in sales by the end of its third year, in September 2025.
Commenting on his appointment, Richard Jones, said: “Despite economic pressures, Locit remains resilient, with initiatives like workforce upskilling and operational improvements at the forefront of our strategy.
“Locit is in an exceptionally strong position to achieve its growth targets. I will focus on implementing a robust costing and pricing structure, ensuring we source the best materials for the best value. There’s a real appetite for growth here, and I’m excited to support our CEO in steering the company to new heights.”
Locit, the world’s only carbon-neutral steel locker manufacturer, is committed to investing in employee training and development in 2025, further reinforcing its commitment to providing exceptional value to customers and maintaining a competitive edge in the ever-evolving market.
Richard Williams, CEO of Locit, said, “Richard Jones’ deep understanding of financial systems and his proactive approach to innovation make him an invaluable asset to our growth ambitions. His expertise in manufacturing and finance aligns perfectly with our goals, and his strategic insights will be pivotal as we navigate market challenges and position ourselves ahead of competitors.
“Amid concerns about inflation and rising material costs, we have doubled on innovation and internal growth. Many in our industry are consolidating, but we are confident that we will have a successful year in sales.”
Locit produces over 500 locker designs under the Pure Lockers brand. It serves several industries: hospitality, lifestyle and healthcare, retail, manufacturing, parks and entertainment, and education. Clients include Marks and Spencer, Royal Troon Golf Club and Ford Motors.