Hampshire firm imports machinery to help keep work within the UK

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

Hampshire firm imports machinery to help keep work within the UK

Lee-on-the-Solent based MonsterCAM Limited, has just taken delivery of a huge piece of new machinery (150ft), with the help of a £475,000 funding package from NatWest and asset finance company Lombard, which will enable large scale marine work to remain in the UK.

21 March 2011

As the largest machine of its type in the UK, and the first one also in independent ownership, MonsterCAM will enable British boat builders and the UK manufacturing industry as a whole, who are currently forced to send their large CNC pattern work (plugs) abroad, to keep it within the UK. This will save time and afford them the ability to view the plugs during build, and even make changes if required, without the need for unnecessary international travel.

After Lombard provided the £405,000 funding package required to buy the machine and NatWest facilitated the remaining £70,000 needed to transport it to the UK and erect it in Lee-on-the Solent, orders for build slots on this gargantuan machine are already coming in – within just two weeks of MonsterCAM first informing the marketplace of its existence.

The 150ft, 5-Axis, CNC milling machine can be programmed to cut out any shape required – in the case of the marine industry, this could be any part of a boat, including hulls, decks and superstructures, and all to an accuracy of 0.2mm. The access to the machine offers endless possibilities for industrial and commercial designers and the firm will be expanding its services to support non-marine focussed industries too, including the wind energy, construction and film industries to name but a few.

MonsterCAM is a new joint venture between the directors of two well established companies already trading within the marine market sector -Peter Hill and Terry Stubington, directors of locally-based boat building firm, Marine Concepts and Nick Phelps of Curvature Group, a Hertfordshire based prototyping and manufacturing company. Their vision has been supported with the help their NatWest Business Manager Rachel Willis, who has worked with Mike Hartley from Lombard to put in place the finance required.

Commenting on the new venture, Terry Stubington, said: "Between them the directors of MonsterCAM already have fifty years' experience in the leading supply of plugs, mould tools and production composite mouldings to companies including Sunseeker, Fairline, Princess and Sealine, and, as a result, we were fully aware of the need for machinery of this type in the UK. We have such a great boat-building tradition and resource in the UK that it seemed wrong that a very large aspect of it was having to be outsourced to Europe and in some cases even as far as Australia, not least for the time and logistic implications to the clients' important build schedules.

"Both Peter and I knew Nick, having all been involved, albeit from opposite ends, with plug and mould tool manufacture for the same clients within the UK marine industry sector over recent years. Nick too was looking to the future needs of this industry sector and looking to fulfil an obvious gap in the market place. So after discussing our combined objectives and also realising the combined strengths of us working together, we very quickly decided that the time was right to combine our efforts and MonsterCAM was formed. We are all thrilled that Rachel and Mike from NatWest and Lombard have shared our vision and provided the finance required to turn our idea into a reality."

NatWest Business Manager, Rachel Willis, who looks after both MonsterCAM and Marine Concepts, said: "Terry, Peter and Nick have put a lot of time, energy and personal dedication into bringing this machinery to the UK and I'm delighted that NatWest, together with our asset finance business Lombard, has been able to offer them the help, support and all important finance they needed. They are proof that we are still very much open for business and as committed as ever to providing funding and helping local businesses achieve their goals."

Posted In

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

Set Tab for lightbox