August 29 2014 Latest news:
Friday, June 27, 2014
Fakenham-based Breckland Precision Engineering Ltd, plans to increase productivity and hit the £1m turnover mark following a move to new premises.
The CNC milling and turning specialist, which was established in 1981, operates across multiple sectors from pharmaceuticals to the food industry handling materials including stainless steel, plastics and brass. Ninety five per cent of its customers are UK based.
Managing directors Nigel Hendry and Michael Regis approached NatWest to secure a six-figure loan to pursue its ongoing growth strategy, which enabled the business to move to a 2,200sq ft site at Clipbush Business Park, Hawthorn Way, Fakenham.
An extensive refurbishment of the premises has also taken place to maximise capacity, with a mezzanine floor and reception area installed.
Nigel Hendry, said: “Buying our own premises has long been an important part of our business plan and something we’ve always wanted to do. Our previous rented unit was old and just didn’t set us up for the future.
“We now have the space and layout we need to increase productivity hopefully reaching the £1m turnover mark within two years. We’re also in a position to take on more staff and will be recruiting later this year.”
Michael Moore, relationship manager for NatWest, added: “Congratulations to Nigel, Michael and the team on the move to new premises that they can call their own. We’re proud to have been able to support them in realising such an important business goal.”
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A Norwich-based business which started as a “man with a van” operation is eyeing further expansion after seeing its predicted turnover increase from £6,000 to £340,000 within five years.