Money in manufacturing

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A Staffordshire company - Key Precision - is on course for a £500,000 annual turnover less than three years after starting up!

Soaring demand for the high-quality turned components manufactured by two engineering brothers from Staffordshire has put their company, Key Precision, on course for a £500,000 annual turnover less than three years after starting up.

Key Precision directors Neil Dawson, aged 28, Adam Dawson, aged 25, and Neil’s wife Emma, aged 26, the company commercial manager, have just completed a £500,000 investment in the latest CNC sliding head machinery at premises in Phoenix Road, Cannock.

The expansion programme was supported by a Selective Finance for Investment in England (SFIE) grant of £30,000 from regional development agency Advantage West Midlands.

Key Precision specialises in the manufacturer of precision turned parts and global sourcing of components for customers in the automotive, aerospace and medical technology industries and the plumbing trade.

Neil and Adam, who gained first class Honours Degrees at UCE-Birmingham and Aston University respectively, started up Key Precision using one CNC sliding head machine at premises in Coppice Side Road, Brownhills, in July 2004.

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