Metal forming and spinning specialist Shaw Metal Solutions has increased turnover by 30 per cent for the second year running by investing in the latest state-of-the-art manufacturing equipment.
The company invested £35,000 in a new XYZ milling machine1 as part of ongoing expansion plans and is now planning for further growth with a new £150,000 CNC automatic lathe.
Funding was secured from asset finance specialist Academy Leasing when the banks failed to deliver. The move will allow Shaw Metal to further increase turnover and to expand into new markets.
"With capacity for large volume production or bespoke projects, we already pride ourselves on offering one of the most comprehensive metal forming packages in the UK," said Shaw Metal Solutions Managing Director, Georgina St Hilaire.
"By securing funding through Academy Leasing, we have now been able to invest in our own tool-making facility. This is a fantastic advantage which allows us to offer our clients a one-stop-shop for tooling, samples and final products, and gives us total control over both quality and turnaround times.
“It’s also helped us to move into new sectors like oil and gas exploration. We now need an additional CNC automatic lathe to service the latest wave of new business growth.”
As a funder and broker, Academy Leasing was able to facilitate the operation by taking advantage of its own funds and extensive funding lines with a panel of banks and specialist finance houses.
"We were able to see from the company's business model that the new equipment represented a sound investment," said Hazel Jacques, Sales Director, Academy Leasing.
“We are confident that, with our help, Shaw Metal will go on to achieve even greater success."