Wirral-based precision engineering firm FE Robinson secures £750k investment

Precision engineering services business FE Robinson has secured a £750k invoice finance facility to expand its presence overseas.

The Wirral-based company is hoping to reach new international markets with the six-figure boost from Secure Trust Bank Commercial Finance.

FE Robinson, which has operations in Hooton and Broughton, will use the facility to manage its cashflow and generate sustainable growth.

Established in 1949, the firm provides precision engineering for the aerospace sector and counts Airbus and Rolls Royce among its clients. With many others based in Europe and Singapore, FE Robinson wants to extend its overseas targets in the coming years.

Guy Williams, the managing director of FE Robinson, said: “Aerospace is thriving in the North West, and there are many huge opportunities available to companies in this area.

“To ensure that we expand at the same rate as the sector, we needed to enhance our cash flow to keep up with the main players in the region.”

He continued: “Secure Trust Bank Commercial Finance was able to create a funding line that facilitated our needs, demonstrating an understanding of our business and the challenges presented by the export markets.

“We were able to speak with local, senior members of the team who had the experience to get the deal turned around quickly and smoothly.”

Secure Trust Bank Commercial Finance’s regional sales director, Dave Green, hailed FE Robinson as an “exciting business” with the potential to make “a real impact” in aerospace.

He said: “The company has already developed a long-standing relationship with Airbus, and now supplies a large percentage of parts across its fleet.

“With ambitions to extend its overseas client base, a flexible invoice finance facility was required to ensure this growth could be managed. Having worked closely with the team to find the right solution, we’re confident that FE Robinson is in a strong position to expand its operations over the coming months.”

FE Robinson was advised by Clearview Corporate Advisory Ltd on the deal.

Clearview MD Mark Critchlow said: “FE Robinson required a funder with experience of the challenges that it currently faces in its sector, providing the capability to structure a facility that provided a long term solution.

“Secure Trust Bank was the obvious choice, with the flexible package offered capable of expanding alongside the company.”

Mark added: “The team were able to deliver the funding in a short timeframe, leaving the business ideally positioned for future growth.”