Staffordshire engineering business on the move
Staffordshire Precision Engineering has relocated into larger premises after securing support from Barclays Business.
The Newcastle-under-Lyme based company decided to relocate after securing a £300,000 contract with a US-based scientific instrument provider.
Staffordshire Precision Engineering, which manufactures component parts to the scientific, aerospace and automotive industry, was set up in 1981 by former Port Vale professional footballer Stan Smith.
It employs more than 40 employees and has turnover of about £3.25m.
Company director Phil Smith said: "Like many manufacturing businesses we had a tough time during 2009/2010 when a couple of bad debts severely hurt our business but thankfully with the support of our bank and a sound business plan we have been able to prosper once again.
"We have always been able to adapt our business to survive within this industry and our new premises will allow this to continue into the foreseeable future. Our strategy is to invest profits back into the business, to provide the best quality, precision component parts using skilled labour and the latest technology which many of our competitors are unable to compete with."
