A West Yorkshire precision engineering firm which hopes to grow by 40 per cent in the next two years has invested in its service offering with help from Yorkshire Bank.
Bradford based Bronte Precision Engineering has purchased two new pieces of equipment – a large lathe and milling machine – as part of a £400,000 investment across the company. The £120,000 CNC machines were purchased via an asset finance package from Yorkshire Bank. The deal was delivered by Graham Cairns, relationship manager at the Bank’s Business and Private Banking centre in Bradford and Asset Finance Manager, Stephen Bartholomew.
The latest investment will allow the company to manage increased demand from customers nationwide. Operating from its recently expanded headquarters, Bronte Precision Engineering specialises in producing medium and large components for customers producing custom products across a range of industries. Since launching in 2003, the company has built up a 20 strong workforce and turns over more than £1.2m annually, with a view to continued growth over the next few years.
Alongside their expanded shop floor, which gives them greater capacity and flexibility, the new machines will allow them to manufacture products including larger cylindrical components and castings, made to order, and used within bridge mechanisms and on specialist heavy vehicles and machinery.
Stephen Leach, managing director of Bronte Precision Engineering, said: “Since we started the company in 2003, we’ve gone from strength to strength. In the past few years we reached a natural plateaux point and so we made the decision to invest in the company’s future. With a new website recently launched, along with our expanded shop floor and new machinery we are putting in place the building blocks for the next stage of the company’s growth.
“Yorkshire Bank recognised our appetite for growth and has been supportive over the course of our nine year relationship, providing us with necessary capital to continue to grow the business.”
Andy Davidson, head of Yorkshire Bank’s Business and Private Banking Centre in West Yorkshire, said: “Bronte Precision Engineering’s continued success reflects the hard work, determination and commitment of everyone involved in the business over the past 13 years.
“Their investment is a testament to the ambitious nature of the company which has helped them position themselves as a leading sub-contract business. We’re proud to have been able to support them along the way and look forward to seeing them grow.
“As economic conditions continue to improve, Yorkshire Bank remains focused on supporting the growth ambitions of businesses across West Yorkshire.”