A North Tyneside manufacturer is celebrating its first year of trading with a five-fold increase in staff numbers, thanks to new contract wins in the national aerospace sector.
Stephen Hornby, Michael Thompson and Martin Stokoe launched Expert Precision Engineering in September 2018 to manufacture parts on behalf of the oil and gas, aerospace, marine and automotive industry.
Following support from the North Tyneside Business Factory and a £50,000 loan from Virgin Start-Up, the firm started trading from Benton Business Park with two CNC machines shared between three employees.
The founders worked in shifts to deliver on orders and get the business off the ground before a positive change to the original business plan opened-up new avenues for growth.
Stephen Hornby, co-founder of Expert Precision Engineering said: “Our initial goal was to work as a sub-contractor to help fulfil precision manufacturing orders for key clients across a range of sectors. As it happened, we began successfully winning direct orders with customers to allow us to act as the main provider and therefore grow our team much quicker than we anticipated.
“Our initial 3 members of staff has now grown to 14 skilled workers with one apprentice and a number of machine operators now employed at Precision Expert Engineering in our first 12 months. We’ve also expanded our capacity by growing our equipment to seven machines in our original 3200 sq ft premises at Business Park.
“However, we have now signed the lease to also take on the neighbouring unit which will give us an additional 4,000 sq ft to expand into as we seek to employ an additional three members of staff and purchase two new machines by the end of the year.”
Expert Precision Engineering is looking ahead to 2020 with plans to consolidate positive growth experienced during the first year.
Mr Hornby said: “We work very much one-to-one with clients from all over the UK to ensure the final product meets specifications and have been delighted with how our original plans and expectations for the business have developed in such a short space of time.
“The next 12 months offer an opportunity to strengthen our internal processes in order to support our customers, ensure product quality is maintained and develop our workforce so that employee satisfaction remains strong.”
The team worked with business advisor Tracy Clarkson from the Business Factory to develop their initial plans and source premises within North Tyneside that were suitable for their business needs.
She said: “Expert Precision Engineering is a business with huge potential and the team have worked hard over the past 12 months to ensure that their vision for the business could develop as new opportunities presented themselves. I’m delighted to see the hard work of the team paying off with such considered growth and look forward to seeing the business prosper further into 2020.”
Originally published in BusinessLive.