Stafford-based Instem Group Plc, dealer in electronics and information systems, is continuing its recovery – after reporting pre-tax profits up 30% at UKP885,000 for the year ending December 29 (CI No 1,380), Instem has just announced mid-term pre-tax profits to June 29 up 32% on 1989 at UKP505,000, on turnover up 33% at UKP5.3m. Instem’s chairman, David Gare, says that the company’s continued growth has stressed the existing offices and factory space – Instem has responded to this by taking over a further factory on an adjacent site. He continues that, although Instem’s market place is in a degree of flux, as a result of the impending privatisation of the Power Industry and the recessionary influences being witnessed in much of the industrial market place, Instem should be able to continue as well as it is doing – this growth, he feels, can be attributed to the company’s strategy of staying very close to the changing needs of its customers.
