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Manufacturing

Derbyshire manufacturer eyes new markets after 拢1m machinery investment

All British Precision’s growth plans supported by Lloyds Bank

Pictured (from left) are Lee Mcallister (Lloyds), Richard Allen and Ian Howard, joint owners of All British Precision, and Chris Perkins (Lloyds)(Image: Tom Maddick SWNS)

A Derbyshire firm which makes precision-machined components for a range of sectors has invested £1 million in new equipment to help it target new markets.

All British Precision, based in Kirk Langley, near Ashbourne, currently supplies to the aviation, automotive and healthcare sectors.

Now, the company, which has enjoyed eight years of consecutive growth, has invested in new state-of-the-art equipment, with the support of a £950,000 asset finance facility from Lloyds Bank.

The new machinery, provided by DMG Mori, will enable the firm to expand production capacity by automating elements of its high-end precision milling and turning operations.

Meanwhile, the ability to turn larger and heavier components has allowed the business to develop its product capabilities and target new markets.

All British Precision hopes the investment will open up new markets(Image: Tom Maddick SWNS)

All British Precision, which employs almost 30 people, was formed following the merger of Howardson Engineering and Medicione Ltd.

Richard Allen, managing director at All British Precision, said: “The recent purchase of three new CNC machines has been a real game-changer for us in terms of the level of outputs we’re able to deliver and the types of sectors and clients we’re now able to target.

“The equipment also provides a new level of automation which gives our engineers more time to work on new projects and help the business to continue meeting the evolving demands of the market.