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Close Brothers Asset Finance funds specialist CNC machine for key customer

Close Brothers Asset Finance has funded the purchase of a specialist CNC machine for GWR Fasteners, manufacturer of high-quality special fasteners and precision components.

Having recently moved into new premises in Oswestry after outgrowing their former location, the new machine will enable GWR Fasteners 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 considerable cost of the machine, the bespoke finance package we compiled will have a negligible impact on GWR Fasteners’ 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 Asset Finance since we started out, we were able to negotiate a deal that worked for both firms and we are delighted with the outcome.”