Lunn looks to the future after £250,000 investment
A WARWICKSHIRE engineering firm has its sights set on further expansion after investing £250,000 on new machinery.
Family-owned and run Lunn Engineering, based in Atherstone, has purchased a Dahlih MCH 800 horizontal machining centre to meet growing demand for its services from major organisations including Shield Engineering and Caterpillar.
The machining centre has been financed by Yorkshire Bank through its Growing Business support package. It will enable the firm to increase the volume production of flywheel housings used on earth scraping machines.
Lunn Engineering was established in 1938 as the Rotary Pump Company by Fred and Sidney Lunn. It now employs 22 people at its one-acre site on the Manor Road Industrial Estate.
Managing director Fred Lunn, who is the son and grandson of Sidney and Fred respectively, has run the firm since 2000. He revealed plans are underway to extend the factory.
He said: “The investment in the new machining centre is the biggest we’ve made in recent years and the decision to progress was made easy due to the volume of work we’ve generated.
“Last year was an exceptional year for us, one of the busiest we’ve had in recent years to the point where we took the decision to move from one to two shifts. Increasing the shifts coupled with bringing in the new machine has enabled us to vastly increase our production capacity.
“We’re always looking to move forward and the next stage of the expansion we’re planning is an investment to extend the back of the factory to give us more space.”
The deal was completed with the support of Yorkshire Bank relationship manager Nigel Wilson and asset finance manager Steve Fox.
Wilson said: “Lunn Engineering is a strong business which has enjoyed healthy growth under Fred’s leadership. The company is a preferred supplier for a host of major manufacturers and is exactly the type of business Yorkshire Bank’s Growing Business package has been launched to support.”
The package includes fee-free loans and overdrafts and access to a business expansion fund.
