A UK metal manufacturer equips for expansion using asset finance
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A specialist fabricator of bespoke aluminium and stainless steel products for a variety of industries, including food, veterinary, medical, sports and leisure. SYSPAL designs and manufactures conveyor systems, hygiene equipment and hydrotherapy machinery for both the UK and international markets.
What did they want to achieve?
The company wanted to invest in new machinery that would enable them to process the sheet metal components used to make many of their products more quickly. They needed a flexible funding solution that would allow them to spread the cost of this large upgrade without interrupting cashflow.
How we helped
We provided funding worth £1.25m for plants and machinery that included a fibre laser cutter, an automated sheet metal forming cell, a biomass heating system and two new forklift trucks.
"We continue to invest in the latest technology to provide our customers with a fast, first class service and stimulate innovation with our technical and production engineers.
We trusted Lombard because they provided an efficient and competitive service with minimum fuss."
Managing Director, SYSPAL
Choosing to purchase new equipment using hire purchase meant that the company could easily finance expansion and development, with no disruption to their day-to-day cash flow.
Built a long-lasting relationship with us that gives them confidence in financing future purchases.
We provided £1.25m for their largest ever capital expenditure programme, spreading the costs over time.
Investment allows SYSPAL to build on yearly growth and further develop new export opportunities.