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Hire Purchase and Regional Growth Fund - Hillview Engineering Limited

Hillview Engineering

Hillview Engineering Limited, are an established engineering company that have been trading since 2001.

They supply sheet metal products and fabrications in mild steel, stainless steel, and aluminium. They also have dedicated welding bays for ferrous and non ferrous materials

The need for new machinery

Hillview were in desperate need of a new punch machine as their existing one had been broken for some time. This meant that work was being sub-contracted out which was an additional cost to the company and they were losing work due to cost and production time.  The new machine would not only help reduce costs but would offer much faster production times with increased reliability and a wider range to offer to their customers.

Flexible finance with a quick turnaround

Hillview could not solely fund the new machinery and sought financial advice from

Regional Sales Manager Robert Conchie, at their local Close Brothers Asset Finance branch. He understood their needs and was able to create a bespoke package.  

Robert quickly established that the business was eligible for a grant from the Regional Growth Fund (RGF) and guided them through the application process. They successfully secured funding, while Close Brothers Asset Finance also put a Hire Purchase agreement in place to cover the remaining balance.

More contracts and new jobs

Hillview were able to create 2 new jobs as per RGF criteria and with the new machinery in place, they could increase their workload and no longer have to outsource. Production times could now be improved and a wider range offered to their customers.

Ben Barker, Owner of Hillview Engineering said:

“We are really pleased that Close Brothers have been able to help us finance the new machine. We have worked with Close Brothers in the past and found them to be most helpful and knowledgeable.

This new machine will mean we can move the business forward with new product lines and increased productivity. We are excited about the future of Hillview Engineering Ltd.”