Bailed-out APA wins award
2nd June 1988, Page 19
2nd June 1988
Page 19
Page 19, 2nd June 1988
— Bailed-out APA wins award
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• A trailer and load-handling equipment manufacturer, which struggled to survive after it was established two years ago, has won a top business award and is creating seven jobs.
APA Hydraulics of Weston Coyney, near Stoke-on-Trent, was bailed-out with a 23,000 loan from Stoke City council when it suffered cashflow problems six months after it was established. The company, which expects a turnover of £500,000 this year, took first prize in the North Staffordshire and District Business Initiative.
APA is run by three partners and employs six staff. It makes hydraulic rams, clam shell buckets, brick grabs, scrap grabs, tipper and flat vehicle bodies. It also recently launched a lorry-mounted grab.