Start-up turning investment

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A new subcontract machining company, Herriott Precision, which acquired its first machine tool in April this year, is already winning business via Qimtek.

The machine, a DN Solutions 67mm bar diameter Lynx 2100LSYB sub-spindle, Y-axis lathe was supplied to Worcestershire-based company through Mills CNCs’ ‘SMART Options’ machine tool rental scheme.

This scheme enables manufacturers to ‘rent’ a new DN Solutions’ machine (machining centre, lathe etc.), for an initial 12-month period, and is an attractive and flexible option for component manufacturers looking to increase and improve their machining capacity and capabilities, without being tied to a long-term finance agreement.

With no deposit required and with training provided as part of the package SMART Options, payment is  via an agreed schedule of tailored monthly repayments.

The  machine is already earning its keep machining a range of small, high-precision and complex parts for a range of customers.

These parts, typically machined from solid in small batches, are characterised by their tight, tied-up tolerances and high surface finish requirements.

Like all new start-up businesses, Herriott Precision has, amongst to a myriad of other issues and priorities spent, and continues to spend, time and effort raising its profile and promoting its machining credentials in order to attract and secure high-value, profitable and, hopefully, repeat business.

To this end, the company has become a fully signed up member of the Qimtek Supplier Network, a digital portal facility that enables direct communication between subcontractors looking for work and who have machining capacity available, and buyers searching for companies that can quote for, and handle, their machining projects.

Joshua Herriott, owner and director, said: “The Qimtek relationship was our first port of call to acquire work, and is a stepping stone to us securing new, long-term machining contracts in the future.”

Signing up to Qimtek has already paid dividends. 

As well as Qimtek advisors helping Herriott Precision develop a new website, which is due to go live imminently, the relationship has also helped the company secure a contract to machine high-precision aerofoil prototype parts for a design engineer/entrepreneur.

This work is ideal for the Lynx 2100LSYB and involves machining, to high and repeatable accuracies, eight separate (housing type) parts made from an aerospace-grade aluminium alloy solid billet.

The front end of the part is machined on the lathe’s main spindle and is then transferred to the sub-spindle for machining the back end. Milled features i.e., bores, threads etc., are then (axially and radially) machined on the part employing the Lynx’s Y-axis and driven tooling.

Since securing the contract, further discissions with the customer have resulted in Herriott Precision being approached to machine a number of different DELRIN components (four per housing), that complete the entire aerofoil assembly.

Mr Herriott added: “The Lynx lathe’s multi-tasking, ‘one-hit’ capabilities, combined with my machining and programming experience, enabled a competitive and, what transpired to be, a successful quote to be sent to the customer.”

www.herriottprecision.co.uk

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