A manufacturing business at the heart of the Midlands economy
Founded in 1964, NCMT has spent more than 60 years supporting manufacturers across the UK and Ireland with advanced machine tools, precision machining solutions and engineering expertise. The Coventry-based business is a key part of the Midlands' advanced manufacturing ecosystem, helping customers improve productivity, increase efficiency and reduce material waste.
Working with globally recognised brands including Okuma and Makino, NCMT supplies and supports high-technology machining solutions used across a range of manufacturing sectors.
A pivotal moment for the business
After completing a management buyout from its previous shareholders, NCMT's leadership team wanted to create the foundations for long-term growth. The transition provided an opportunity to invest in the future of the business while retaining the expertise, relationships and engineering heritage that have underpinned its success for decades.
To support these ambitions, NCMT agreed a new primary banking relationship with NatWest, securing facilities worth £13.5 million, including an £8.3 million revolving credit facility and a £4 million bond facility, alongside foreign exchange and operational banking support.
The package provides the flexibility to invest in new technologies, support larger and more complex contracts, and strengthen the business's position in both domestic and international markets.
Backing growth, innovation and skills
The funding has been structured around the realities of modern manufacturing, providing working capital and contract support while giving the management team room to pursue future opportunities.
Alongside investment in technology and innovation, NCMT plans to continue expanding its apprenticeship programme and develop the engineering talent needed to support future growth. The business sees skills development as critical, both for its own success and for addressing wider challenges facing the UK's manufacturing sector.
As the company grows, it expects to create additional jobs across Coventry and the surrounding area while helping manufacturers adopt more efficient machining processes.
