Funding enables local firm to grow
An expanding Chesterfield-based engineering firm has secured funding for new equipment thanks to support from asset finance broker, Balanced Funding Solutions.
Maxco Engineering in Staveley now boasts a modern CNC Steel Profile Cutting Machine and a number of benefits have already resulted from the investment, including a 20% increase in turnover and the addition of two new members of staff.
Originally struggling to finance the improvements needed to meet an increase in demand, the flame cutting specialist is now very positive about its future.
Owner Paul Smith, said, “John at Balanced Funding Solutions talked through my requirements and was knowledgeable and took time to understand the business. He has also followed the process through start to finish with us which has impressed both Flamtek and I.
“Gaining this funding has opened my eyes to new market sectors both nationally and locally. We are now looking at new opportunities such as a plasma head cutting tool and the business also plans to take on another apprentice in 2015.”
Established six years ago, Maxco Engineering provides high quality shape cutting and steel profiling, among other services, from its headquarters on Fan Road in Staveley.
Image: Balanced Funding Solutions Director John Pemberton and Paul Smith of Maxco Engineering
Source:Balanced Funding Solutions
