JR Gilbert Engineering
Programme: Enterprise Finance Guarantee
JR Gilbert Engineering is a medium sized engineering company with precision grinding facilities.
Turnover has quadrupled in the last 3 years due to rapid expansion of the engineering side of the business. Employee numbers have grown from 4 to 15 in the same period.
Having been initially supported by UK Steel Enterprise when acquiring the business in 2012, the company needed an additional £200k of finance in 2014 to expand.
They were supported again by UK Steel Enterprise with a £70k EFG loan alongside their bank, RBS and the Welsh Government’s Economic Growth Fund (WEGF) which enabled them to recruit 5 additional employees to man their new CNC Milling, Conventional Lathe and Grinding Machinery.
Securing the funding through a proven investor (UK Steel Enterprise) enabled all investment objectives to be met and the company continues to grow on the back of this.