News: AME aims high following funding boost
Innovative Rotherham firm, AME Group Ltd, has secured a £30,000 business loan from Finance Yorkshire to fund new equipment which will allow them to carry out work many competitors are unable to.
The Dinnington company combines a team of creative designers and technical designers who work on new products and create high-specification prototypes for the likes of Dyson, Proctor and Gamble, Hornby and Jaguar, and fellow Rotherham companies, Morphy Richards and Connexion2
Former coal miner Ian Jones (pictured above, left) established the company, he said: "I used to work as a mechanical engineer in the coal mining industry, but like many people I was made redundant and needed to transfer my skills to a new area. So in 1996 I established AME Group Ltd.
"We offer product design consultancy and a wide range of rapid prototyping techniques.Our customers want prototypes to test parts of their design or to show them off and gauge interest. Many of the models have to be very high quality and like 'The real McCoy'."
AME Group works closely with leading consumer product company, Proctor and Gamble, and has worked on more than 100 of its brands from designing the packaging of Pringles Crisps to developing the lid dispenser on Ariel detergent.
It has also developed children's toys, for example Scalextric cars and Hornby trains, as well as medical equipment and electronic beauty products.
Ian added: "We work in a niche industry and what makes us unique is the technology we have. The five specialist laser machines we run, which are worth between £100k - £250k, can work in very fine detail but because they are also expensive to buy, many companies use our services as they couldn't justify having this kind of equipment in-house."
The funding will be used to help repair one of AME's laser machines and for working capital to help fund the company's rebrand and new website.
David Ward, portfolio manager at Finance Yorkshire, said: "We have enjoyed working with AME Group Ltd, the business has developed a top reputation by focusing on achieving the right balance between speed, quality, and cost which has allowed it to retain some high-profile blue chip clients.
"The loan will help AME Group to continue its work and complete the repairs to the five year-old laser which will mean the team can work quicker, continue delivering great results and attracting big name brands to the region."
Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m. It has attracted £30m investment from the European Regional Development Fund (ERDF), £15m from Yorkshire Forward's Single Programme, and £45m match funding from the European Investment Bank.
AME Group website
Finance Yorkshire website
Images: Finance Yorkshire
The Dinnington company combines a team of creative designers and technical designers who work on new products and create high-specification prototypes for the likes of Dyson, Proctor and Gamble, Hornby and Jaguar, and fellow Rotherham companies, Morphy Richards and Connexion2
Former coal miner Ian Jones (pictured above, left) established the company, he said: "I used to work as a mechanical engineer in the coal mining industry, but like many people I was made redundant and needed to transfer my skills to a new area. So in 1996 I established AME Group Ltd.
"We offer product design consultancy and a wide range of rapid prototyping techniques.Our customers want prototypes to test parts of their design or to show them off and gauge interest. Many of the models have to be very high quality and like 'The real McCoy'."
AME Group works closely with leading consumer product company, Proctor and Gamble, and has worked on more than 100 of its brands from designing the packaging of Pringles Crisps to developing the lid dispenser on Ariel detergent.
It has also developed children's toys, for example Scalextric cars and Hornby trains, as well as medical equipment and electronic beauty products.
Ian added: "We work in a niche industry and what makes us unique is the technology we have. The five specialist laser machines we run, which are worth between £100k - £250k, can work in very fine detail but because they are also expensive to buy, many companies use our services as they couldn't justify having this kind of equipment in-house."
The funding will be used to help repair one of AME's laser machines and for working capital to help fund the company's rebrand and new website.
David Ward, portfolio manager at Finance Yorkshire, said: "We have enjoyed working with AME Group Ltd, the business has developed a top reputation by focusing on achieving the right balance between speed, quality, and cost which has allowed it to retain some high-profile blue chip clients.
"The loan will help AME Group to continue its work and complete the repairs to the five year-old laser which will mean the team can work quicker, continue delivering great results and attracting big name brands to the region."
Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m. It has attracted £30m investment from the European Regional Development Fund (ERDF), £15m from Yorkshire Forward's Single Programme, and £45m match funding from the European Investment Bank.
AME Group website
Finance Yorkshire website
Images: Finance Yorkshire
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