An Aston manufacturer which supplies luxury car brands Bentley and Rolls-Royce is hoping to create jobs at its base after purchasing new machinery which will enable it to expand its product line.
Radshape Sheet Metal is a manufacturer of precision metal parts for a range of industries, including the automotive, electrical and motorsport sectors.
The business specialises in developing both single prototype components and full assembles, such as petrol tanks, radiators and speaker grills, and has been the leading supplier for Rolls Royce and Bentley since its establishment in 1967.
The expansion plans follow it securing a £500,000 finance package from Lloyds Bank commercial finance which the company used to purchase a new 'Amada' laser cutting machine.
This investment in new equipment has enabled the business to grow its product line and expand into different sectors, including the aerospace and rail industries.
Radshape Sheet Metal has an annual turnover of around £4 million and employs 70 people, with plans to take on additional staff in the near future in line with its ongoing growth ambitions.
Managing director Keith Chadwick said: "In line with our plans for business growth in the next three years, it was vital for us to invest in this new equipment, which has allowed us to increase our production capabilities considerably in what is a competitive industry."
Claire Carr, client manager at Lloyds Bank Commercial Finance, added: "Radshape Sheet Metal's industry credibility in this highly skilled area of manufacturing is a real catalyst in fuelling the business' ambitious plans for growth, and this latest acquisition of new machinery is a really important step, allowing it to further enhance its production capabilities.
"The manufacturing sector is crucial to the on-going resurgence of the region's economy and the new jobs that the business plans to create in the next few months are positive news for the local area."