Specialist engineering company Bonspiel Engineering Ltd has recently received planning permission to substantially increase the size of its manufacturing facility at West Pitkerro Industrial Estate, Dundee, from 10,000 to 15,000 sq ft. Bonspiel, which specialises in machining sub-contract parts for various markets including medical, telecommunications and energy, is being supported in its growth plans by a Regional Selective Assistance grant of £235,000 for the acquisition of new CNC (computer numerically controlled) machinery and the creation of a number of new job opportunities.As part of a planned expansion programme, the business has already invested around £400,000 in the last six months on cutting edge CNC technology and plans a further £600,000 of expenditure over the next 18 months. Managing director Steve Bruce says, “Investment in these new machines is essential if we are to continue to compete in our current markets and capitalise on new opportunities. We are also in the process of finalising a structured training programme which will help to develop our staff and we see this as essential if we are to fully utilise these new resources. Bonspiel has been working closely with DC Consulting at a strategic level over the last few years and they have provided excellent support whilst I have re-focussed and developed new and alternative opportunities.”
Corporate Finance specialist DC Consulting has worked with the board at Bonspiel for some time and advised the company throughout the fund-raising and grant application processes. Andrew McCafferty, director of DC Consulting commented, “It is refreshing to see a manufacturing company in Dundee maintaining investment in cutting edge technology to compete in global markets. We believe the business is well positioned to take advantage of new market opportunities and continue to grow and prosper over the longer term.”
Bonspiel Engineering was incorporated in 1989 and specialises in one field of engineering – precision CNC Sliding Head turned components from 0.5 – 32mm in diameter. The company serves various sectors, including medical, telecommunications, oil and gas, aerospace and defence, as well as offering bespoke solutions to individual clients. In 2005, DC Consulting advised on a successful BIMBO transaction involving the previous owners.
For further information please contact:
www.bonspiel.co.uk
Issued on behalf of DC Consulting by Eileen Prior, Prior PR. For further information contact Eileen on
01721 729322, 07802 180 412 or eileen@priorpr.co.uk