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Regional Growth Fund - CPA Bespoke Joinery

CPA Bespoke Joinery - Regional Growth Fund and Hire Purchase

Experienced craftsmen

Established in 2002, CPA Bespoke Joinery is a precision joinery and shop-fitting company based in Bolton, Greater Manchester. 

They offer a range of specialist interior services from tailored kitchen and bedroom installations to commercial projects and retail fit-outs, and have a team of dedicated craftsmen with extensive experience in the industry. 

The need to stay competitive

The company required a new CNC machine and edgebander as their existing equipment was outdated and could not offer the standard of finish they required on their products. 

They had recently undertaken a number of high-end projects, but were at risk of losing the business in the long term if they were unable to deliver the best standard of service and important techniques, such as PVC edging. 

Access to funding

Having made sales enquiries to the machinery manufacturer, the company was advised to approach the industrial equipment division at Close Brothers Asset Finance and apply for credit to fund the new machine.  

After visiting the business and assessing their needs, a specialist team from Close Brothers Asset Finance quickly established that the business would be eligible for funding from the Regional Growth Fund (RGF). Working together, they were guided through an application for RGF grant assistance and were subsequently awarded £24,000 towards the cost of the new machinery. 

In addition to the grant, a Hire Purchase package was also put in place that complemented the deposit paid by the RGF, with repayments tailored to the income generated by the machine. 

Larger operations, reduced costs

The new edgebander and CNC machine purchased by CPA Bespoke Joinery have been highly successful, allowing the company to once again offer the highest standard of service to their customers, whilst improving their profitability. 

They were able to create two jobs as a direct result of the deal, and the machine is not only more efficient but has significantly reduced their operating costs. 

The company’s annual equipment repair bills are expected to fall by £4,000, and they have also been able to scale back their reliance on sub-contractors, resulting in a saving of over £12,500. 

Craig Ashton, Director of CPA Bespoke Joinery said: “Working with Close Brothers Asset Finance has been fantastic. Everyone we have dealt with has been really helpful and informative, while the decisions and payments have been so quick. It’s been a great help for our business and I’d highly recommend them."

For more information on CPA Bespoke Joinery visit www.cpa-joinery.co.uk