" We've found the banks appreciation of manufacturing and engineering to be woefully inadequate. That's why we use LDF. "
Alex Harding, CEO, Cajero
For almost 30 years, Cajero have directly facilitated the composite and aerospace industry in the design and manufacture of precision cutting tools used in the construction of airplanes.
Cajero's involvement in developing cutting tools and securing partnerships for many of today's leading projects has also led to a number of their specialists becoming key advisors to the industry on latest technology advances within their field.
The business was in the process of a change of management when CEO, Alex Harding, approached us for finance back in 2014. Having recently taken over the business from his father, Cajero’s founder, Alex’s first aim was to develop and grow the business further through investing in new equipment.
Much of the equipment Cajero required needed to be imported from Germany. This high value equipment ran into many millions of pounds, and therefore they required a considerable amount of capital to cover this substantial cost.
Cajero applied for a number of asset finance deals in order for them to import new Computer Numeric Control machines from Europe. These machines are vital to the ongoing success of the business, boosting Cajero’s capacity to manufacture the intricate cutting tools that underpin the operations of this highly specialist business.
Alex was receptive to the idea of finance, as the flexibility that our solution offered his business was immediately attractive to him. The ability to pay in instalments meant that Cajero’s upfront costs were minimised, only paying once the equipment has been received, effectively helping to pay for itself through output.
Since taking the helm at Cajero, Alex has implemented a variety of new ideas designed to progress the business further. The adoption of a finance solution has assisted Cajero turn their plans into a reality; purchasing a higher value of equipment, increasing their productivity levels, and ultimately producing a higher quality of tooling.
We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. LDF were professional, helpful, friendly, and best of all, fast.