Going for gold in a growing market

AS niche businesses in Suffolk go, there’s certainly something really rather distinct about our latest resident arrival – CGM Global Supplies.

Started seven years ago by Charles Morgans, the company supplies spares and engineering equipment to those involved in mining activities around the globe.

In a none too insignificant way, CGM is a vital cog in a wheel which allows gold, precious stones and the world’s most sought-after commodities to be extracted for sale.

Previously based at Wickham Market, the 10-person team – which continues to expand – is now in Unit 16 of Riduna Park, and is eyeing up the potential of its most profitable year yet.

Charles, who went to school in Ipswich and was first offered a job in the mining spares field back in the 1980’s, is excited about the road ahead for CGM.

He said: “We’re really looking forward to the opportunities ahead of us for 2022 and beyond – particularly now that the world is opening up again and we can finally get back to visiting our customers around the globe.

“There’s no doubt that Covid had a big impact on our sector, as mining wasn’t taking place and things like shipping and logistics for movement of commodities was so impacted.

“But now we’re coming out the other side, and for us, it’s creating a lot of healthy energy and optimism within the industry.”

The timing, therefore, could not be better for CGM to be locating to its own purpose built modern offices at Melton.

“We’re delighted to be here at Riduna Park,” added Charles.

“I’ve been chatting to Katie about the development for some time, and with our growth happening so quickly, and the need to continue recruiting, it became an obvious choice to take a unit here.

“In fact, we’ve purchased this unit and are letting out the other floor to another business. That’s testament to our commitment to this site.”

New team members will join CGM in March, with more recruitment set to happen later in the year.

Katie Emerson, Project Manager for Riduna Holdings said of CGM Global Supplies becoming its latest resident: “It’s a real pleasure to welcome Charles and his team to the Park and to witness how enthusiastic they are to embrace the community feel here.

“I’ve been able to get to know more about the business during the period they’ve been operating from Wickham Market, and to see them go on such a rapid growth journey is so impressive.

“We wish Charles every success and hope to hear a lot more about his global travels and his mining clients in the months to come.”

The Riduna Park site, which is also home to East Suffolk Council’s headquarters, has remained a popular commercial location for growing East Anglian companies, since building work began in 2015.

For more information about the Park and its offering, contact Katie on 01394 799 089 or email: