DARLINGTON entrepreneur Andrew Munro, the businessman behind Newton Aycliffe-based Spirit Fires, has lit the blue touch paper on plans to expand across Europe and the US.
Mr Munro is looking to increase turnover to £2m within the next year, creating up to eight jobs, and open up distribution lines in Germany and Portugal. Five years out, he hopes to be heading up a £5m turnover business. His ultimate goal is to establish a manufacturing base in the US and outlets in “every major city in the UK.”
He said: “We have to consider the US if we want to build an internationally recognised brand. More immediately, we have some 700,000 people to go at in the UK gas fire market and we’re exploring options in other European countries.”
Hampshire-born Mr Munro established the company in June last year when he bought the design and intellectual property rights of CVO Fires Ltd. He now sells CVO and Spirit-branded products and is eyeing up new technologies.
He said: “We are developing products which comply with emissions targets that are much lower than those stipulated in UK law.”