Mercia
Alex Bentley of Digital Micrometers with Andy Tyas of Mercia
Sheffield-based company Digital Micrometers (DML), one of the UK’s leading suppliers of metrology equipment, has secured a 200,000 loan from NPIF – Mercia Debt Finance to help it open a new demonstration centre.
DML supplies precision measuring equipment used in industries such as medical, aerospace, construction and manufacturing to ensure that products are made to the right size and specifications.
The company says that it has tripled its turnover over the past two years, and has recently moved to a larger 5000 sq ft premises in Sheffield to accommodate its growth. DML says that the funding will enable it to increase its stock levels and create a new demonstration centre within the building that it claims will be the largest of its type in Yorkshire.
Digital Micrometers was founded in 2009 by engineer Allen Bentley, the current finance director. His son Alex Bentley took over as managing director in 2022 and is now leading the growth plans.
Alex Bentley said: “Metrology plays a key role in industry and demand is increasing rapidly, as more companies choose to manufacture in the UK or invest in new technologies and metrology equipment. The funding will support our long-term growth plans by enabling us to carry more stock to meet demand, and showcase larger and more complex items of equipment.”
Andy Tyas of Mercia Debt added: “Digital Micrometers has built a thriving online business that is going from strength to strength, however customers buying costly items still like to see a demonstration. The new demo centre will enable the company to sell more expensive equipment and give Yorkshire companies the chance to see the latest metrology systems from all the leading brands.”
Keira Shepperson, Investment Director, British Business Bank said: “Digital Micrometers has tripled its turnover in the last two years, providing an excellent example as to how NPIF invests in ambitious businesses. The opening of its demonstration centre in Sheffield will attract a multitude of industry professionals, looking to purchase equipment to service commercial needs across the UK. We’re proud to have invested in a business that boosts the Yorkshire economy from its core.”