Five-fold growth for Chorley safety products firm

Chorley-based essential life safety products and lighting specialist Hispec has increased revenues from £4m to £20m over the last five years.

The business initially launched in 2002 as a supplier of general electrical products before finding success with its range of electronic transformers and began to develop a range of fluorescent lamps and luminaires that evolved into a full lighting range.

During this time, the company also grew beyond the North West to serve the whole of the UK and Ireland while also diversifying its product range to include fire detection, air quality and emergency products.

Since 2019, the business has doubled its product portfolio from 200 to 400 items while its workforce has grown from 13 to 26. It was named as one of the fastest growing companies in 2023.

Chris Loughlin, who was appointed managing director five years ago, said: "The transformation of Hispec has been a collective achievement, with many talented industry leaders joining the team and bringing their skills, enthusiasm and dedication that’s ultimately resulted in Hispec’s growth.

“Acknowledging the need for evolution, we consciously decided to diversify our business into three core areas: wholesale, social housing, and our upcoming venture into the retail sector. As part of our commitment to maintaining momentum, we welcome new team members in the coming weeks. This expansion reinforces our presence and highlights our dedication to delivering exceptional service and upholding the highest standards of quality.”

He added: "As we approach the end of yet another financial year, the figures speak for themselves – they look remarkably robust. However, it's about more than just the financials. The team has an excitable energy, alongside a motivational drive to deliver excellence that sits within our ever-expanding team."