CNC Machine Finance for a Precision Engineering Company in Sheffield
£245,000 · 5 years · 6.75% fixed. A Sheffield precision engineering company had won an aerospace component contract requiring tighter tolerances than its existing CNC machines could achieve.
The Client
Sheffield precision engineering company
The Challenge
A Sheffield precision engineering company had won an aerospace component contract requiring tighter tolerances than its existing CNC machines could achieve. A new five-axis CNC machining centre at £240,000 was the solution. The aerospace contract was worth £380,000 per annum and justified the investment clearly - but the business's bank was cautious about the aerospace sector exposure.
Our Solution
Doulton placed the hire purchase with a specialist manufacturing asset finance lender, presenting the aerospace contract as the primary justification. The CNC machine's residual value and the manufacturer's buy-back guarantee were additional comfort factors. The lender had no sector-specific aerospace concerns.
The Outcome
CNC machine installed and operational within the aerospace contract timeline. The machine achieved the required tolerances from the first production run. The aerospace contract has since been extended for a further three years. Key highlights: Aerospace contract used as primary justification - specialist lender; Manufacturer buy-back guarantee provided additional comfort; Aerospace contract extended for further 3 years - investment fully.