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TRUMPF Financial Services help fund TruLaser 3030 flatbed CNC laser

TRUMPF Financial Services help fund TruLaser 3030 flatbed CNC laser

Added to MTDCNC by TRUMPF on 17 July 2013

Using TRUMPF Financial Services to help fund the purchase of a TruLaser 3030 flatbed CNC laser, a one-year-old subcontract laser cutting service in Yorkshire already has seven employees and an impressive 80-90 customers on its books.

'We are so pleased with our new TruLaser 3030,' states Mike Briggs, Managing Director of Leeds Laser Cutting Ltd. 'It’s a wonderful piece of kit for both ourselves and our customers as it allows us to offer a fast, professional, no-nonsense and cost effective subcontract laser cutting service. Just what the market wanted. Fortunately for us, TRUMPF knew that too and opted to finance our growth when no one else would.'

Leeds Laser was formed by Mr Briggs in early 2012. After 15 years of working for a machine tool supplier that relocated, this ambitious industry professional decided to tread a different path having spotted a niche in the market for a subcontract laser cutting business with a central focus on customer support.

'We have a young, dynamic team and this helps ensure we offer our customers a level of service over and beyond what is available elsewhere,' says Mr Briggs. 'At Leeds Laser we know what customers want. For instance, all our clients receive electronic updates stating when their order is being manufactured and when it is ready for dispatch or collection. Every order is delivered within three days maximum.'

Providing the cornerstone for this clearly enthusiastic business is a TRUMPF TruLaser 3030 laser cutting machine with 5kW CO2 laser.

'We wanted a laser cutting system that would enable us to cut thick gauge materials quickly,' says Mr Briggs. 'We looked at a few systems but in all honesty we simply opted for the best machine. Once we had decided, the next step was funding.'

As was to be expected, initial enquiries were rejected by many finance providers – after all, here was a new business entering a highly competitive arena. Who would take a chance? Well, TRUMPF Financial Services decided to help Mr Briggs turn his dream into reality.

'Put simply, TRUMPF made it happen,' he says. 'We only had a small deposit so it involved a big loan and TRUMPF had to underwrite the machine. They also helped out with reduced rental payments in the first three months while we accrued new customers. Basically, when no one else would take a chance, TRUMPF stepped up to the plate.'

Just over 12 months down the line and Leeds Laser has 80-90 customers with an average order value of £500, thus suitably spreading its risk. The company is already successfully serving sectors that include signage, yellow goods, automotive, architectural and retail with parts made from mild steel up to 25mm thick, stainless steel up to 20mm thick and aluminium up to 12mm thick. Furthermore, capability is also expanding, with both forming and plastics cutting introduced to the facility in recent months.

'We have plans moving forward too,' says Mr Briggs. 'For instance, it won’t be long before we have paid off more than we owe on the TRUMPF 3030. As a result, we can start looking at a 4m laser cutter, probably a TRUMPF again.'

Acquired on a five-year finance deal due to end in March 2017, the TRUMPF TruLaser 3030 runs 24 hours a day.

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