High Precision Wales
Business profile
Location: south east Wales
Sector: engineering
Web site: www.hpwales.co.uk
Investment
Amount: £25,000
Type: micro loan
Executive: Rhiannon Wilkinson
Why we invested
High Precision Wales is a precision engineering company,
specialising in the automotive and agricultural markets.
Established in 1993, the family-run company presented a robust
business plan that demonstrated good market knowledge. The
company needed investment for development costs as part of its
ongoing growth plan.
Outcome
High Precision Wales used the investment to develop new tools
which enabled it to produce specialist gear parts. This enabled
them to expand into a number of new markets, including
automotive, hydraulics, steel and medical devices.
Testimonials
"Because Finance Wales believed in our plans for expansion we've
managed to expand into new markets. We're even looking to employ
extra staff." Nicky Blake, director, High Precision
Wales.
"We're pleased to have invested in such a well-established
company with a strong management team. High Precision Wales has
proven it's a sustainable company that has flourished, even under
difficult economic conditions." Rhiannon Wilkinson, investment
executive, Finance Wales.