Close Brothers Asset Finance funds investment for key customer

Having recently moved into new premises in Oswestry after outgrowing its former location, the new machine will enable GWR to both ramp-up production and offer new products.

“Close Brothers Asset Finance has been a partner of GWR Fasteners since they established their firm over a decade ago,” explained Simon Parker, regional sales manager for Close Brothers Asset Finance, Manufacturing division.

“We funded their very first CNC machine and we are delighted that they selected us as their funding partner for the Miyano BNE-51SY6 8-axis CNC turning centre with barfeed.

“Despite the significant cost of the machine, the bespoke finance package we compiled will have a negligible impact on GWR’s cashflow, which is always a key consideration on this type of deal.”

Jude Robinson, who founded GWR Fasteners with her partner, Gary, said: “The purchase of the new CNC machine is a strong statement of our ambitions and it wasn’t a decision we took lightly.

“Having worked with Close Brothers since we started out, we were able to negotiate a deal that worked for both firms and we are delighted with the outcome.”

Close Brothers Asset Finance www.closeassetfinance.co.uk

GWR Fasteners www.gwr-fasterners.co.uk