...but there's good news too
PUBLISHED: 17:22 08 April 2009 | UPDATED: 10:36 23 August 2010
A FAMILY owned company manufacturing navigational instruments is bucking the economic trend by taking over an engraving business and creating more jobs. SIRS Navigation Ltd, based on Bowes Estate, Wrotham Road, Meopham, announced the acquisition of RS En
A FAMILY owned company manufacturing navigational instruments is bucking the economic trend by taking over an engraving business and creating more jobs.
SIRS Navigation Ltd, based on Bowes Estate, Wrotham Road, Meopham, announced the acquisition of RS Engraving, in the Power Works Estate, Slade Green Road, Erith.
The owner of the engraving company, which will now be called SIRS Engraving, is retiring after 20 years. The business employs three people and will eventually move to the Meopham site which will expand in the next few months, with more jobs expected to be created.
Bob Eady, 47, from Bexleyheath, is the managing director of SIRS Navigation Ltd, which has supplied their navigational instruments for all types of aircraft and to military, commercial and private customers for the last 30 years.
He said: "RS Engraving is a business that we thought had a lot of good ideas and they have been working with us for more than 10 years engraving our navigational products.
"The owner was retiring, and it could have been a very sad story if we hadn't stepped in. It is a business we feel we can do well with. We hope to move the business to Meopham and we will be investing a lot of money into the company and recruiting more staff.
"We already have people out on the ground looking to promote our company to other businesses. With all the bad news around industry at the moment, we feel this is something very positive.
Sirs Navigation was set up in 1966 by Mr Eady's father. When he retired 20 years ago, Bob Eady took up the directorship and the company has been expanding ever since.
In 1993, they secured the rights to manufacture and distribute a range of Marine compasses and in 1994 and in 1999 developed the Navigator and Pegasus Compass range for aircraft use and became the sole supplier of magnetic compasses to leading aircraft manufacturer Airbus Industrie.