Birmingham manufacturer Burcas Ltd is focused on future growth after securing a seven figure funding package facilitated by Liquidity Club.
The finance, provided by Aldermore Bank, will assist Burcas Ltd to reach their target of growing turnover by 20% in the next year through their strategy to grow domestic and export sales with the latter predominantly focused across Europe as well as continuing activity in the Far East.
Burcas Ltd is a privately owned specialist engineering business trading on a global basis, supplying precision machined components across several key markets including aerospace, oil and gas and rail. Burcas Ltd was established in 1941 and today employs 60 staff. It entered into the aerospace market in 2000 following expansion of their CNC and precision machining capabilities. In 2015 significant re-development of their 35,000 sq ft site on Park Lane, Birmingham positioned the business for future growth.
Mark Williams, Regional Sales Manager, Aldermore Bank said: “Burcas Ltd is on a fantastic journey and has some exciting plans in the pipeline. We have worked closely with Mike and his team to provide them with a tailored package to suit their specific needs. We are delighted to be able to be able to provide continued support and look forward to helping them achieve their future ambitions.”
A poll conducted by American Express has found that 46 per cent of SME senior decision-makers feel cash flow struggles are distracting them from growth-related activities, such as product development or marketing. Furthermore, a quarter of respondents claimed cash flow issues were causing stress, or impacting on their sleep.
However, only around 50% of these businesses use an accountant or financial advisor to improve cash flow. Instead, short-term solutions are often deployed such as overdrafts or loans that are not structured to suit business needs.
Our consultative approach allows owners and directors to refocus on their core operations, whilst we analyse business needs and future plans to recommend an appropriate solution.
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