Halifax-based metal forming firm 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.
Managing Director, Georgina St Hilaire said: “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.”
Hazel Jacques, from Academy Leasing, said: “We saw from the company’s business model that the new equipment represented a sound investment,
“We are confident they will go on to even greater success.”