Rotherham precision engineering specialists, Newburgh Precision Ltd, has secured funding packages from Lombard Asset Finance to reinvest in and refurbish its machinery assets.

With state-of-the-art premises at Templeborough, Newburgh Precision has unrivalled expertise in machining precision components and supplies the oil & gas, power generation, defence, rail and aerospace sectors.

Chris Staves, management accountant at Newburgh Precision, said: “Our business has grown considerably over the past four years but in order to maintain this growth it is important that we invest in our existing machinery to ensure maximum efficiency.

“The funding from Lombard Asset Finance has enabled us to renew contracts and refurbish important machinery to increase our capacity as a firm. We look forward to taking delivery of a new machine in February and expanding our capabilities further.”

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