Acquisition could help Penso break £25m turnover barrier

Coventry-based Penso Consulting believes that the £2m acquisition of its Woodhams Road premises will help it break the £25m turnover barrier within the next 18 months, as well as leading to the creation of up to 100 new jobs.

Penso acquired the 42,000ft² (3,900m²) site from Eco City Vehicles at the end of December 2012 and will now modify the building to accommodate a high-volume advanced composite carbon-fibre parts manufacturing cell.

The move will reportedly help to increase turnover from the current £16m to around £25m within the next 18 months and could add up to 100 new jobs to the company’s 140-strong workforce.