Rotherham manufacturing firm achieves significant growth after management buyout

In 2021, ownership of CTI was transferred to the firm’s management team, who took sole ownership of the business.

Two years ago, the firm also received a significant loan from NPIF – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund. The investment was also backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

To help mark the firm’s 100-year milestone, Louis Taylor, the newly appointed CEO at British Business Bank, visited CTI’s facility.

Mr Taylor said: “CTI is a prime example of high-quality British manufacturing. I am proud that the Northern Powerhouse Investment Fund, backed by the CBILS guarantee programme, and our fund managers at Mercia have been able to support the management team through a period of exceptional growth.

"CTI has been a key part of Rotherham’s manufacturing scene for almost a century and has demonstrated true resilience in response to the various headwinds that sector has faced.”

Since 2021, the foundry has also grown staff numbers by 35 per cent. As part of its plans to address the skills gap in STEM, CTI will look to create 12 new apprenticeship roles in the next three years

Funding from NPIF was used to bolster CTI’s manufacturing facility to produce one of the world’s largest ever titanium parts poured into a ceramic mould for a Japanese customer. The firm also notes that funding helped to boost product development, and to expand its sales and marketing infrastructure and resources.

The firm says its growth was also driven by new client acquisitions and contract wins.