Kent-based AD Engineering, which specialises in precision engineering for the sub-sea, aerospace and transport sectors, has used a £445,750 funding package from NatWest and Lombard Asset Finance to purchase an ‘eco’ building at Eurolinks Business Park in Sittingbourne.
The funding has also enabled the company to recruit two apprentices and to purchase new Muratec MT100i-T2 twin-spindle turning machines.
This follows an investment of around £200,000 in new machinery earlier last year to improve the firm’s operational efficiencies. Continuous investment in recent years has led to a 70% increase in turnover and the creation of four new skilled jobs.
Founded in 1993, AD Engineering has consistently adapted its business model to ensure its growth and sustainability.
Owner and managing director Carlos Forlese (
www.adengineering.co.uk) said: “AD Engineering owes its success to focused investment in people and the best modern technology, which allows us to create the highest-quality metalwork for some of the most challenging sectors.
"Thanks to the funding from NatWest and Lombard Asset Finance, we were able to quickly purchase an adjacent site and transform it into a fully operational and eco-friendly facility in just a matter of weeks.”
Lucas Douch, NatWest relationship manager, said: “After working with the team at AD Engineering for the last nine years, it is great to see how our funding is enabling them to expand.
"Carlos has a great understanding of how to make a business grow sustainably and is always looking at new ways to improve efficiencies.
"I look forward to seeing this business grow even further over the next 12 months.”