Precision engineers accommodate growth with support from NatWest

Precision engineers accommodate growth with support from NatWest

A Norfolk based CNC milling and turning specialist plans to increase productivity and hit the £1 million turnover mark following a move to new premises.

Diane Hendry, Michael Regis and Nigel Hendry (Breckland Precision Engineering) and Michael Moore (NatWest)

Established in 1981, Breckland Precision Engineering 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.

Looking to purchase premises as part of its growth strategy, Breckland Precision Engineering’s managing directors Nigel Hendry and Michael Regis approached NatWest to secure a six-figure loan. The deal has enabled the business to move to a 2,200 square-foot site in Fakenham, with support from Abbey Transport of Norwich.

An extensive refurbishment of the premises has also taken place to maximise capacity, with a mezzanine floor and reception area installed.

Nigel Hendry, managing director of Breckland Precision Engineering, 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.

“With support from Michael and the team at NatWest, we now have the space and layout we need to increase productivity ‒ hopefully reaching the £1 million turnover mark within two years. We’re also in a position to take on more staff and will be recruiting later this year.” 



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.

Set Tab for lightbox