Hayfield Engineering Ltd

Wolverhampton, West Midlands

When the management team of Hayfield Engineering Ltd wanted to purchase the business from the current owner, Assetz Capital put them in touch with investors.

611

£275k

£450

Intro

The loan allowed the existing General Manager Steve Phillips and experienced external Director Andy Proffitt to fund the buyout of the specialist engineering firm from the previous owner.

Hayfield Engineering Ltd has been in business since 1983 and is situated in the heart of the UK’s manufacturing industry in the Midlands. The niche business feeds the larger global engineering firms around the region, supplying mainly to the aerospace and petrochemical industries.

Hayfield Engineering Ltd
Hayfield Engineering Ltd

Impact

The new owners, who were introduced to Assetz Capital through Ludgate Finance, plan to build on Hayfield Engineering’s heritage by expanding their current client base within the water and oil industries and use the new Director Andy Proffitt’s connections within the automotive industry to expand the business.

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