Success Stories

logoPrecision Technologies

When long-established Tamworth company Precision Technologies was looking for access to finance and help with staff development, they turned to the team at Tamworth and Lichfield for Business.

The company, which started life in Tamworth in the 1960s, is a burgeoning concern and, with a new managing director at the helm, is creating more new jobs over the next few months.

Precision Technologies manufacture components for a range of sectors, including motorsport, automotive, aerospace, precision tooling, medical and oil and gas. And as the company continues to grow, they are now also focusing on expanding into the nuclear sector.

“For companies such as ours, business support is not always easy to find,” says Precision’s quality assurance consultant Paul Killeen.  “What we loved about working with Matthew and the team at Tamworth and Lichfield for Business is that they offer a wide range of support under one roof.

“Anything we need we can find through one point of contact, and the fact that they are on our doorstep means meeting up is easy too.  They offer a vital service – there’s a strong team in place so whatever the nature of your enquiry, there is someone there with the expertise to help.

“They understand the business landscape, they are used to dealing people at a range of companies across a variety of sectors and I’d encourage other companies in Tamworth and Lichfield to speak to them – the service we have had is first rate.”

The Tamworth and Lichfield team were able to signpost the Precision Technologies’ management to finance options that were available to them via their contacts, as well as helping with their staff development.

“Business support is out there but all too often it’s fragmented – phone lines, helpdesks and so on.  There is one of that when you deal with Tamworth and Lichfield for Business, which is another plus for us,” added Paul.

Precision Technologies is on the cusp of exciting times – as well as setting their sights on the nuclear industry, they are also talking to a number of household name motorsport companies, including Formula 1 teams. 

The company manufactures high precision components for a number of industries – all to very specific limitations, and they export to more than 30 countries around the globe.

The workforce of almost 60 will expand as the company continues to grow over the next few months.


Advanced Innovative Engineering

Lichfield company Advanced Innovative Engineering is proud to be based in the city – and is leading the way in developing ground-breaking technology.

The company, with a history stretching back some 80 years, make the latest innovative rotary engines from its base on the Ringway Industrial Estate.

Along its journey, the AIE team has turned to Tamworth and Lichfield for Business for advice and help in a number of areas.

This has included help around what funding options are available, strategic advice around the structure of the company as well as looking for new business opportunities within the region.

AIE’s experience in engineering research and development across a number of sectors means they can offer a world class level of expertise and knowledge and as the company has grown, so they have been able to create more jobs from their Lichfield HQ.

“Lichfield is the perfect base for us and we are one of a number of companies developing world leading technology right here at the heart of the country,” said AIE’s managing director Nathan Bailey.

“In order to do that, it’s really useful to have on hand the expertise of Matt and the team at Tamworth and Lichfield for Business.  We have met on a number of occasions and that has afforded us the opportunity to tap into some detailed knowledge, which in turn has helped inform us how we go forward as a business.  I’d recommend that if you are a business in Tamworth and Lichfield then get in touch with the team – they really can help and make a difference.”

Amongst AIE’s recent successes are winning funding to help roll-out electric vehicle propulsion technology, and grant support to develop a low carbon, rotary engine sports car.

Find out more about AIE here