METAL forming and spinning specialist Shaw Metal Solutions says it has increased turnover by 30 per cent for the second year running by investing in the latest manufacturing equipment.
The Halifax-based 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.
It said it secured funding from asset finance specialist Academy Leasing after the banks failed to deliver.
It added that the move would allow it to further increase turnover and to expand into new markets, such as oil and gas exploration
Shaw Metal Solutions employs about 17 staff.
Managing director Georgina St Hilaire said: “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.”
“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.”
She added: “We now need an additional CNC automatic lathe to service the latest wave of new business growth.”
Funder and broker Academy Leasing said it was able to help Shaw Metal by taking advantage of its own funds and 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, Academy’s sales director.
“We are confident that, with our help, Shaw Metal will go on to achieve even greater success.”