Sterling Precision Engineering Services lands aerospace contracts of £250k a year
A Kirkcaldy machine shop says it’s fast becoming a recognised presence in the aerospace engineering field – thanks, in part, to support from Bank of Scotland (BoS).
Sterling Precision Engineering Services Limited works with a range of metals and plastics to manufacture bespoke components for its customers, including key parts for ejector seats and civil aircrafts, and recently became the first company in the UK to acquire the latest generation of milling machine, thanks to a six-figure hire purchase facility from the bank.
The new equipment, which was provided by DMG Mori, will enable the firm to manufacture more complex and specialised products, broadening the scope of its services.
It says that, as a direct result of its recent investment, the firm has secured new contracts of up to £250,000 per annum in the aerospace sector. The company, which recently celebrated 10 years in business, previously operated within the oil and gas industry.
The firm’s milestone anniversary was acknowledged by local Kirkcaldy MSP David Torrance, who took the opportunity to congratulate the business on its success and pass a motion in parliament to acknowledge the company’s achievements.
David Torrance MSP said: “Sterling Precision Engineering Services’ success is testament to its hard work and dedication. It’s excellent to see this Fife company become a key Scottish player in the aerospace field.”
John Mitchell, Managing Director at Sterling Precision Engineering Services, said: “Having the latest machinery on the market has made a huge difference to our business. Not only has it led us to important new contracts, but we’re now able to carry out existing work for our long-standing clients much faster.
“We’ve certainly come a long way. My wife and I started our business after buying some machinery from a retiring company. Alongside the machinery, we also took on a couple of the customers and over the years we’ve grown our portfolio of clients.
“The oil and gas industry has changed a lot in recent years and the support from the Bank of Scotland has helped us diversify our business offering.”
Charles Davidson, Regional Manager, Global Transaction Banking at the Bank of Scotland, added: “Sterling Precision Engineering Services is a great example of a progressive and forward-thinking company.
“The company shows just how resilient Scottish companies can be in changing markets. Our relationship with Sterling Precision Engineering Services has given it the additional support that it needed to successfully diversify its business, as we continue to help Britain prosper.”