CM Precision Components Ltd
Bank of Ireland (Northern Ireland)
Region: Northern Ireland
Programme: Enterprise Finance Guarantee
CM Precision Components Ltd is a leading supplier of precision engineered components within the UK and Ireland located in Downpatrick, near Belfast.
With over 30 years of experience, the business manufactures computer numerically controlled (CNC) component parts. These parts are manufactured to the client’s specifications and requirements from various materials including steels, brass, aluminium, nylon and plastics.
After 12 years of renting their premises, CM Precision decided the time was right to move into their own purpose built, modern, efficient production facility. After securing an EFG loan of £550,000 in 2018, the business was able to secure the new premises and start building.
In August 2018, the team were ready to move into their new factory and have gone on to increase profitability and employment.
Kieran Cooper, Managing Director of CM Precision Components Ltd, said: “Obtaining this funding has provided security to the business and enabled the directors to move forward with expansion plans to increase the customer base, expand the services offered, deliver a better working environment and increase employment in the locality.”