Time Finance funding to engineer success for precision engineering firm

Time Finance is pleased to announce it has supported precision engineering firm, DARL Engineering. It provided a £58,500 asset finance facility to help the business invest in advanced machinery and accelerate growth.

The Coventry-based, family-run firm specialises in precision engineering solutions for the automotive and industrial sectors. Its team of highly skilled and experienced engineers manufactures high-quality products in a 2,500 sq ft factory. The facility houses eight CNC machines, ensuring efficiency and precision.

DARL Engineering has built a strong reputation in the precision engineering sector for excellence and innovation. The company focuses on craftsmanship, cutting-edge technology, and a growing client base. To support new contracts, DARL turned to Time Finance for funding. It secured finance for a specialised machine designed to manufacture replacement engines for the iconic Porsche RSR.

Kim Lynam, Director at DARL Engineering, said: “We are grateful to Time Finance for their support. This asset finance facility has empowered us to invest in the necessary machinery to take on this new and exciting contract. Investing in our business only further exemplifies our commitment to precision engineering and innovation so that we can continue providing exceptional outcomes for our clients."

Supporting growth with tailored funding solutions

Asset Finance supports businesses like DARL Engineering by giving them access to crucial equipment. This funding allows them to speed up operations and invest in cutting-edge technology and machinery.

Matt Graham, Head of Vendor Sales at Time Finance, said: “The precision engineering industry requires companies to constantly upgrade their capabilities to meet evolving demands. We are proud to support DARL Engineering in their pursuit of excellence. Our asset finance facility will not only enable them to deliver on their new contract but also strengthen their position as a trusted engineer in the industry."

Time Finance supports more than 10,000 UK businesses every year with flexible and supportive funding solutions. As an alternative finance provider, it specialises in helping businesses access the finance they need to achieve their growth plans. Its diverse portfolio includes Asset Finance, Invoice Finance, Business Loans, and its recently established Asset Based Lending solution.