Numill expands in Europe

Sheffield tool company Numill has trebled its workload following a successful management buy-out and has received funding for further expansion


Sheffield tool company Numill has trebled its workload following a successful management buy-out (MBO), and has received funding for further expansion.

Numill reclaims, designs and manufactures machine-consumable cutting tools for businesses across Europe. Since the MBO, the company has grown rapidly, taking on two new employees at the end of 2007, with a further role set to be filled in the next few weeks.


Numill has received a £100,000 loan from South Yorkshire Investment Fund (SYIF) which will go towards the working capital needed to support the company’s sales in the UK and across Europe.

Managing director Anne Wilson said: ‘This support from SYIF is greatly appreciated and will enable the business to continue to grow to where we aim to be. We are now achieving three times as much work as we were in November 2006, which was a month after the management buy-out.


‘Numill takes scrapped tools and re-grinds, re-welds and re-machines them before sending them back to clients in a new workable format. This provides companies an alternative to buying new products. A business can save up to 70 per cent by choosing tool reclamation.’