Aerospace Tooling

Aerospace Tooling

Type: BIMBO, Equity Release

Total Originally Invested: £3.5 million

Initial Investment: June 2013

Sector: Industrials & manufacturing

Website: View Here

Overview

Aerospace Tooling Ltd is a precision engineering company, delivering a specialist repair & overhaul service of Gas/Jet Turbine components within the aerospace, military, marine and industrial markets. This niche and one stop service is provided by a highly experienced workforce using both conventional and special process technologies, all centred in one purpose built facility.

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Company Background

Founded in 2007 by John Seaton, Executive Chairman, Aerospace Tooling ('ATL') isa niche engineering company based in Dundee. The company provides specialist repair and refurbishment servicing for components in high-specification aerospace and turbine engines. Specifically the company targets legacy components an engines that have ceased production, but are still in widespread use. Given the expertise involved, contracts with OEMs are often long-term and exclusive.

Foresight Investment

Three Foresight VCTs invested £3.5 million in a combination of shareholder loans and equity into the business in June 2013, alongside roll over investment from the Executive Chairman John Seaton, to support the rapid growth forecast over the next three years.

At completion Fraser Clarkson, Ben Blackwall and Mike Lloyd joined the Company as Finance Director, Business Development Director and Non-Executive Director respectively. Mike Lloyd was formerly Operations Director at Rolls Royce PLC.

Future Strategy

The management team's focus is on expanding the high quality customer base within the aerospace industry as well as diversifying into new markets such as the oil and gas industry.