Birmingham based manufacturer Burcas Ltd is focused on future growth after securing a seven-figure funding package facilitated by Liquidity Club.
The investment 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.
Mike Burrows, Owner and Managing Director at Burcas said:
“Growth is strong in the aerospace and oil and gas sectors and I am very keen to increase our presence in both domestic and international markets. We are looking to take advantage of the competitive value of the pound particularly against the euro, to boost our export sales across Europe.
The funding we have received gives us the confidence to focus on this activity and continue our growth plans which will encourage new customer and business opportunities for Burcas Ltd. The approach from Paul Varley at the Liquidity Club has been great because he has managed the funding process from start to finish. Paul is very attentive and professional and his involvement has freed up my time to enable me to focus on the running of my business.”
Paul Varley, Director at Liquidity Club said:
“Burcas Ltd is a well-established manufacturer and I was delighted to work with Mike.
The business has been at the leading edge of technology and quality for over 70 years, providing innovative engineering solutions to the aerospace, defence and precision engineering markets. With Burcas’ strong order book, it was important we sourced a funding package that allows Mike to fulfil his growth aspirations.”
Burcas 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. The company 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.