Hayley Group reaches £123m turnover

Hayley Group recorded £122.5m turnover in 2017, with pre-tax profits up from £4.8n to 36.6m (reports Insider Media).

The turnover number represented a 6% rise from 2016 (£115m), when stockholding was in excess of £27m – 40% of which was held in Halesowen and then rest at regional branches nationwide.

Hayley Group services the trade, OEM, consumer and aftermarket across a number of product groups, including bearings (where the business began), fasteners, lubricants, PPE & workwear, seals and tools.

During 2017, Hayley Group acquired Mercury Holdings – a supplier of industrial spare parts and components – and subsidiary Mercury Bearings for an undisclosed sum.

Since the company formed in 1976, trading under the name Hayley Bearings, company milestones have included the launch of the fasteners division in 1999 and the creation of its PPE & workwear division in 2005. Hayley Group employs over 600 members of staff.