Coventry's P&D Engineering gets RBS support

Coventry's P&D Engineering gets RBS support

Coventry engineering firm P&D Engineering Ltd have bought a new 4,000sq ft industrial unit adjacent to their Exhall premises to support their expansion plans. Funding to purchase the new unit has been provided by their banking partners RBS.

P&D were established in 1969 originally as toolmakers supplying jigs, fixtures and press tools to the West Midlands automotive industry. They have now diversified as a business into a rapid response precision engineering works offering a complete service from design - using the latest 2D and 3D CAD design software - through to build and installation. The new unit at Exhall now provides capacity to enhance their production abilities and add further jobs over the next year.

RBS has provided P&D with a loan to enable the purchase of the Exhall unit.

Speaking about the expansion of the business, Paul Thomas, sales manager, P&D Engineering Ltd said: "As the business has continued to grow we have had limited space available to expand, so the opportunity to purchase this new unit is a great strategic fit for us. The additional space and production capacity it provides will allow us to increase our current level of sales. It also allows us to recruit additional staff to the business to meet demand and provides us with an opportunity to potentially expand our product range and services."

Guy Daniels, senior relationship manager at RBS added: "P&D is a great local example of how manufacturing is leading the UK push out of recession. We have worked with Paul and the P&D team for a number of years and this latest development is the next stage in their ongoing growth strategy."

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