Co-founded by owners Alfie and Valerie Cheyne in 1992, ACE Winches is a turnkey solution provider headquartered in North East Scotland with a Norwegian base in Stavanger. Staff numbers have increased from 200 in 2011 to over 300 today as the company has expanded to meet growing demand for its range of products and services.
The company’s main objective is to secure the long-term future for its workers and their families by achieving sustained growth, careful cash management and re-investment of profits. ACE Winches announced pre-tax profits of £6.2m in 2012, a 15 percent increase on the previous year. Turnover at the Aberdeenshire-based group soared to £31.1m in the year ended October 2012, up 42 percent on the year before. Around 74 percent of the company’s business is generated from international trade.
ACE Winches provides a complete international support service through its key divisions of Manufacturing, Hire Equipment and Hire Personnel as well as the ACE Winch Academy.
The company has continued its commitment to invest in growing the business by extending the scale of its hire fleet with capital expenditure of £2m. This investment, coupled with the £7.1m the company spent in 2012 on the development of the group’s manufacturing and hire division facility lays the foundation for future growth and expansion.
Alfie Cheyne, CEO of ACE Winches said: “We are so proud to have been recognised for the continuing success of ACE Winches, for the hard work and dedication of our people in delivering that success and meeting the challenges of a truly international business. We are deeply honoured that we should have been selected to take our place amongst the very best in British Industry in recognition of outstanding achievements in international markets.
Alfred Cheyne Engineering Ltd
Towie Barclay Works, Turriff
Aberdeenshire AB53 8EN UK
Tel: +44 (0) 1888 511600