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October 6, 2011updated 12 Apr 2017 4:11pm

Asset finance deal returns PC production to UK

Lombard, the asset finance arm of RBS, has financed a new production unit to help a manufacturer bring part of its business back from China to the UK The Manchester-based computer systems manufacturer Tranquil PC has invested £30k to bring part of its production back to the UK and secured a finance package covering 90% of the amount from Lombard.

By Elza Holmstedt-Pell

Lombard, the asset finance arm of RBS, has financed a new production unit to help a manufacturer bring part of its business back from China to the UK.

The Manchester-based computer systems manufacturer Tranquil PC has invested £30k to bring part of its production back to the UK and secured a finance package covering 90% of the amount from Lombard.

Lombard provided funding for a CNC milling machine as well as the tools and accessories necessary to operate it.

The machine produces aluminium casings which were previously produced by Tranquil’s Chinese supplier.

The investment means that Tranquil PC now has a completely self sufficient production process.

Paul Baxter from RBS and Thomas Brown from Lombard provided the funding.

Brown, a senior relationship manager at Lombard, said: “Tranquil has a good track record of investing to improve its operations.

“We are very pleased to provide the financial support needed to support their latest plans.”

David Thompson, Tranquil PC’s managing director, said: “[This investment] enhances our manufacturing capabilities and gives us complete control over the production process.

“It is also very satisfying to be able to bring a manufacturing enterprise back to the UK.”

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