This business specialises in the manufacturing of machine parts which it then supplies to businesses in various sectors, including the aerospace, automotive, construction, defence and medical industries. Established in the 19th century and having built an impressive reputation since then, the company has learned to be reactive to technology advancements to ensure that they remain competitive in their industry. , The team have been upgrading their machines and replacing them with the latest technology to ensure they continue to provide their customers with the best services available on the market by increasing the business’ capacity and quality of work.
Ultimate Finance have been supporting the business’ growth for over 5 years and are delighted to provide funding to support their latest acquisition of a new Doosan vertical machining centre.
This impressive piece of machinery can perform various operations on several types of metal such as drilling, milling and tapping, and it enables the business to service its customers better and quicker than ever before through innovative technological advances like easy programming of complex operations and enhanced safety features that allows for a more efficient manufacturing of machine parts.
Regional Director Jamie Glenn explains, “We have been supporting this business for many years now and I am proud that Ultimate Finance has been able to play a key role in its path to success by providing tailored funding that has helped them stay ahead of the game through the strategic acquisition of impressive kit such as this latest asset”.
“Key machinery in this industry can be very costly and can lead to cashflow gaps which can hinder even the most successful of businesses, and asset-based lending has been proven to provide great solutions that help companies keep moving whilst investing in themselves at the same time”.
Ultimate Finance enabled the business to purchase the Doosan with a £330k Hire Purchase facility to continue the modernisation of their manufacturing processes. Jamie continues, “Over the years, through its quick adoption of modern technology and automation of processes, the business has been able to increase its capacity and quality of work as well as reduce its reliance on new skilled labour which has become harder and harder to come by. With our funding solution, we were able to advance the full amount needed to purchase the new asset and help prevent any interruptions to day-to-day cashflow or having to part with an important part of capital to provide a hefty deposit”.