Horsham-based Mecmesin (
www.mecmesin.com) says that it is poised for further investment and growth after gaining a seven-figure funding package.
The company specialises in the manufacture of force- and torque-measurement equipment for the quality control of components, materials and products. Mecmesin is a global company, with 80% of its sales occurring outside the UK — mainly in the USA, Germany and France.
The funding package from Clydesdale Bank’s SME Cashflow team (
www.cbonline.co.uk/business) will be used to finance accelerated growth plans and increased investment in R&D, as the company diversifies from its traditional clients into other sectors such as food, beverage and medical.
Finance director Ian Lineham said: “This funding will allow Mecmesin to move forward confidently and get out into the market. Clydesdale Bank was one of a very small number of institutions willing to look at a company of our size when it came to funding.
“Other banks could not give us a package that would work, but Clydesdale’s offering suited us perfectly.”