High-tech engineering firm sets
up shop in North Cornwall
Finance Cornwall is a £20 million investment fund backed
by £9 million from the Objective One European Regional
A high-tech engineering firm has set up new specialist workshops
in North Cornwall with the help of an investment package involving
Longshore Systems Engineering Ltd was established at the
start of the year to create an engineering support service
providing sophisticated instrumentation and control equipment
for individuals and companies working in research and development
The Delabole-based company was formed by Dylan Simpson, a
graduate in manufacturing systems with more than 10 years
experience in the field of precision engineering and scientific
Now, a £33,000 investment package including Finance
Cornwall the £20 million investment fund for
business in or locating to Cornwall and the Isles of Scilly
has enabled Longshore to move into new premises in
a customised industrial unit at Pentire Workshops in Delabole.
Dylan explained: "The company was founded predominantly
to provide a design and realisation service that spans all
engineering disciplines and offers our customers the complete
package irrespective of the size of the project.
"We specialise in designing and engineering instrumentation
and special-purpose machinery for the pharmaceutical, food
and chemical industries, the academic sector and the equipment
manufacturers that supply them. Our key area is in environmental
process control, particularly high precision temperature and
humidity generation and control, together with temperature
pressure and cryogenic systems. That said, we have the experience
and now the tooling to undertake most general engineering
He added: "The company is founded on a genuine enthusiasm
for engineering, and as a flexible and forward-thinking company,
we offer full prototyping and product development services,
design and machining services, together with our own unique
"Because we're a small company, we can often take on
the 'tricky' and low volume work that larger firms simply
don't find viable - and often at a lower cost and with faster
turn-around. Our location, combined with our ethos of investing
in advanced tooling, also allows us to keep costs to a minimum
whilst offering a state-of-the-art service."
Clients won by Longshore to date include Surface Measurement
Systems, an award-winning UK company that leads the field
in scientific instrumentation development and has worked with
such corporate giants as Pfizer, Dupont and Unilever.
The £33,000 package involving Finance Cornwall included
a £15,000 investment in specialist CAD/CAM tooling for
the company's new workshops. The investment will also give
Longshore additional working capital over the next 12 months
and should allow the company to take on three new members
Dylan said: "This investment has not only allowed us
to move into premises fitted out to suit the work that we
do but is also providing us with the working capital that
will help secure our position over the next year and build
on what Longshore has already achieved.
"We had just taken on an electronics and computer systems
engineer which will allow us to develop and strengthen that
area of the engineering service offered."
The investment package put together for Longshore includes
£11,500 from their Business Loan Fund provided by Finance
Cornwall, with additional funding coming from the South West
Investment Group (SWIG) and HSBC.
Finance Cornwall's business loan fund manager, Jeff Lenihan,
said: "Longshore is a new company but Dylan has extensive
experience of his industry and the company, which is aiming
at a very specialised niche market, has already proved itself
with new clients and products."
Peter Casey, managing director of SWIG said: "The aim
of our funding is to provide help to those businesses that
have great potential but lack enough capital or security to
go ahead with a project without extra help, particularly in
the form of interest free finance. Longshore will be a great
boost to the local economy."
Finance Cornwall has investment funds offering a combination
of loans and equity ranging from just £5,000 to £650,000
to small and medium sized businesses that cannot source all
the funding they need from elsewhere.
Funding is available to businesses whose principal place
of operation is, or will be, in Cornwall or the Isles of Scilly.
The funds are managed by Alliance Fund Managers Ltd, which
is regulated by the Financial Services Authority in the course
of investment business.
To find out more visit www.financecornwall.co.uk
Business Loan Fund Manager
Objective One Partnership Office
Truro TR1 2UD
Tel: 01872 241379
Fax: 01872 241388
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