Moving up is Steve Watson who becomes finance director, Brian Lavender as operations director and Glyn Green, who is promoted to technical director and a director of Henry Squire & Sons (HK) Ltd.

John Squire - the eighth generation family member to head up the business - remains as managing director and sales & marketing director, and Gordon Squire as chairman.

After twenty years with Squire, Rob Powell is stepping back as director into a consultancy role, which will see him implementing important new projects under development.

John Squire explained these are exciting times for Henry Squire & Sons Ltd.

"We have a new board structure and an exciting development programme that will consolidate our market leading position for the future.

"Squire is continuously expanding its UK and export ranges and developing bespoke products to meet the security needs of today’s market.

"Importantly, our investment in the latest production technology is enabling Squire to bring forward the launch of new products."

Today, Squire – still an independent family owned business – is recognised as the UK brand leader in padlocks and cycle locks and manufactures to World Class standards at its state-of-the-art production, research and design headquarters in Wolverhampton. The company also has a production facility in China.

Squire’s product portfolio includes top-selling ranges for the home and commercial markets, featuring the Stronghold® range of locks, padlocks, cycle chains and padbars.

Mr Squire added: "We’ve a great leadership team in place and now we’re firmly focused on delivering important new cutting edge products that will set Squire on course for significant growth over the next five years."

For further information, visit www.squirelocks.co.uk