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£75k growth funding for a precision engineering firm winning bigger contracts
A Midlands-based precision engineering business needed growth capital to fulfil larger orders and upgrade machinery. Here's how Risecap secured flexible funding that matched their expansion timeline, not bank timescales.
CLIENT SNAPSHOT
Precision engineering | £1.2m annual revenue | 12 years in operation.A specialised manufacturer producing components for automotive and aerospace clients. Led by two technical directors, employing 18 skilled machinists and engineers.
THE CHALLENGE
The business won three major contracts worth £400k combined, but needed £75,000 upfront to purchase raw materials and upgrade CNC machinery before production could begin. Traditional payment terms meant waiting 60-90 days for payment after delivery.
WHY THEY CAME TO US
- Bank said "not yet, maybe next quarter once they see more traction" - too slow for contract deadlines
- Needed funding that matched their project timeline, not a rigid loan schedule
- Existing relationship with Lloyds but their asset finance team was backlogged
- Other brokers offered expensive solutions with personal guarantees on family homes
The directors heard about Risecap through their accountant. They'd never used alternative funding and were worried about horror stories.
OUR APPROACH
We reviewed recent contracts, cash flow projections, and machinery quotes. Key points we highlighted:
- Contracted revenue from established clients (10+ year relationships)
- Strong gross margins on precision work (38-42%)
- Clear ROI from machinery upgrade (15% efficiency gain)
We focused on specialist lenders who understand manufacturing cycles. We also explained each option clearly - no funding jargon, just plain numbers. Calls were scheduled around shift patterns.
THE IMPACT
- £75,000 unsecured credit facility
- 18-month term with flexible early repayment options
- 9.8% fixed rate, no hidden fees
- Funds released in 5 working days
- No personal guarantees required
Production started on schedule. The machinery upgrade is already showing productivity gains, and they've secured two follow-on contracts from impressed clients.
"Risecap understood our business immediately. They didn't just find us money - they found us the right money at the right time. The whole process was smooth."
- Director
TAKEAWAY
Manufacturing businesses often have lumpy cash flows but predictable contracts. The right funding partner gets this - and moves at your speed, not theirs.