UK laser cutting group secures £5.5m investment to consolidate growth
Simon Kelsall of FDC with Ben Cufley of Sirius A Corporation (Image: Sirius A Corporation)
A UK-based manufacturing and supply chain advisory group has secured a £5.5m finance package to support its growth nationwide.
The funding will enable Rugby-based Sirius A Corporation to consolidate its position as one of the UK’s largest outsourced suppliers of laser cutting, fabrication, precision machining and supply chain solutions services.
Headquartered in Rugby, Sirius employs 160 staff across a number of different brands, including: Sirius Supply Chain Solutions and Precision Laser Processing (Rugby); Intec Project Engineering (Redditch), Laser Process (Cannock); Quality Components (Pontefract); LaserIT (Bristol) and Essex Laser Job Shop.
The business has grown steadily over the years as a result of increasing demand for low volume, high precision components used in industries such as cleantech, aerospace and non-automotive vehicle electrification.
“This investment marks an exciting new chapter for our group of companies,” said Ben Cufley, Chairman of Sirius A Corporation. “We will continue to provide manufacturers access to a wide variety of cutting equipment including water jet cutting, 5-axis lasers and fabrications facilities backed up by world class engineering advice to help value engineer products, improve tolerances and provide access to manufacturing solutions both inside Sirius A Corporation and beyond.”
Simon Kelsall, Investment Director at Frontier Development Capital (FDC), added: “The flexible funding package FDC has provided will enable Sirius A to double down on its capital expenditure plans and create additional capacity and capability across the group so it can continue to deliver excellent service and product to its 2,000 customers. Whilst the UK funding market has tightened, capital remains available for strong management teams in growth sectors with clearly articulated strategies. Sirius fulfils all these requirements and we are delighted to have provided a funding solution that allows the business to continue on its growth journey. I look forward to working with them."