New facility for T&R Precision

T&R Precision Engineering has moved into a £1.3 million facility after receiving funding from NatWest and Lombard.
The Lancashire-based company, which manufactures components for aerospace groups such as Boeing, Airbus and BAE Systems, had been leasing a unit for its main operations but has now purchased its own premises in Foulridge, North Yorkshire. Managing director Tim Maddison said: “We found ourselves in a position where we had out-grown our rented premises and needed to find the right space. The premises we have purchased were previously used by another firm in the same industry, so they were exactly what we needed.”