Sheffield-based AME Group, established by engineer Ian Jones in 1997, designs products and creates high-specification prototypes using 3D printing technology for customers including Dyson, GlaxoSmithKline, Hornby, Morphy Richards and Unilever.
After another solid year of growth the company decided it was time to further increase its headcount as it looks to continue growing.
This led to the company applying for a £20,000 business loan from the Finance Yorkshire initiative which will help the group expand its team and invest in a new marketing campaign.
Jones said: “We have developed a niche as an engineering company that offers a fast turnaround and high quality. This has enabled us to build a strong base of long-term customers.
“As the economy has picked up, our design revenues have grown so we have hired two people into that team.
“While technology continues to evolve, design skills remain crucial to the process. Our strategy is for our design revenues to catch up with those of our prototyping division.”
AME Group employs 22 people and boasts an annual turnover of £1.5m. Its growth has been fed by demand for the rapid production of prototypes and replica models that can be exhibited at shows and tested before they enter mass production.
Finance Yorkshire’s Melanie Reynolds added: “AME Group has carved out a reputation for speed, quality and value for money which means it is trusted by an impressive portfolio of brands.
"The loan will help AME to enhance its already impressive design offering.”