A Diss firm is expecting to achieve record revenue of £1.2bn when it posts its 2022 financial results. 

In its trading update, Midwich revealed that this expectation comes after it experienced strong annual growth of about 40% over the prior year. 

Stephen Fenby, group managing director said: "2022 saw the strongest annual growth in the group’s history, with revenue increasing by over 40% to £1.2bn. 

READ MORE: Global Diss-based firm achieved record revenue and profits last year

"This significant revenue growth led to a record profit performance, for which I would like to thank the team and our partners for their continued support.

"Despite continued general economic uncertainty and rising interest rates, the strength of the business and expected growth of the AV [audio and visual] market lead the board to look forward to 2023 and beyond with confidence.”

Midwich supplies audio visual products to the trade market in the UK and worldwide. 

In 2021 it reported revenue of £856m.

The company will announce its final results for the year ended 31 December 2022 on 14 March 2023.