Lombard, the asset finance arm of RBS, has
financed a new production unit to help a manufacturer bring part of
its business back from China to the UK.
The Manchester-based computer systems
manufacturer Tranquil PC has invested £30k to bring part of its
production back to the UK and secured a finance package covering
90% of the amount from Lombard.
Go deeper with GlobalData
Lombard provided funding for a CNC milling
machine as well as the tools and accessories necessary to operate
it.
The machine produces aluminium casings which
were previously produced by Tranquil’s Chinese supplier.
The investment means that Tranquil PC now has
a completely self sufficient production process.
Paul Baxter from RBS and Thomas Brown from
Lombard provided the funding.
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By GlobalDataBrown, a senior relationship manager at
Lombard, said: “Tranquil has a good track record of investing to
improve its operations.
“We are very pleased to provide the financial
support needed to support their latest plans.”
David Thompson, Tranquil PC’s managing
director, said: “[This investment] enhances our manufacturing
capabilities and gives us complete control over the production
process.
“It is also very satisfying to be able to
bring a manufacturing enterprise back to the UK.”
