Case Study

Relocation helps electronics firm double turnover

Relocation helps electronics firm double turnover

Pages 3 Pages

One of the UK's leading contract electronic manufacturers has more than doubled its turnover after relocating to a new site, with the support of a seven-gure funding package from Lloyds Bank. Chestereld-based Kingeld Electronics makes a range of bespoke components for blue-chip market leading clients across the globe, in sectors including scientic instrumentation, defence and aerospace. It decided to move from its previous premises in 2013, after it became apparent that the site didn't have the capacity needed to full the larger and more complex contracts that its clients required. Flicking the switch on expansion Using a funding package from Lloyds Bank, the rm was able to buy and fully refurbish an existing 46,000 sq ft premises in 2014, boosting its capacity by 300 per cent. In ad

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