To qualify for the Large Business of the Year Award, sponsored by Sleigh and Story, companies needed to be able to demonstrate significant growth in their sector, along with innovation.
Firms should have a plan mapped out for future developments and be able to show evidence of sound financial performance.
Peter Sleigh presented the award to winners Asquith Butler.
A machine tool manufacturer tracing its roots back more than 140 years, it is an acknowledged world leader in its field.
The company, which has been manufacturing machine tools since 1865, today focuses on bespoke “state of the art” multi-axis machines to meet the ever-increasing demands of modern manufacturing requirements.
Host Clare Frisby said: “The company continues to develop and operate from modern purpose-built assembly and test facilities at Brookfoot, uses the very latest computer-aided design and analysis software to provide complete design solutions.
“Among its developments is the firm’s new Starturn range of machines, including a revolutionary travelling gantry milling and turning machine, which was submitted in the category for Best Machining Centre in the MWP Advanced Manufacturing Awards.”
It beat off competition from last year’s winners Severn Unival.
Severn Unival works with major international players in the oil and gas industry to develop specialist, highly-engineered valves and valve management solutions. In 2009, the firm set ambitious growth targets for the next five years.
As it approaches the end of that timeframe, it can report an average growth rate of 12.5 per cent each year.