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Vector X-Cel - a new partnership between X-Cel and Newburgh Precision Ltd

23 January 2019

Newburgh Precision Engineering Ltd went into administration this week.  The assets and goodwill have been purchased by a new company, Vector X-Cel Ltd.

Andrew Taylor comments “I’m delighted to be involved with Newburgh, they have an unrivalled reputation for engineering expertise and will compliment the X-Cel group.  We have exciting plans to invest heavily in the business.”

X-Cel Superturn Ltd and Newburgh Precision Ltd are both manufacturers of high precision machined components and assemblies, supplying into a number of industries to include oil & gas, nuclear & defense, power generation, aerospace and construction industries.

X-Cel Superturn were advised by Paul Hardy of Hardy Transactions Ltd, and their lawyer was Matt Ainsworth of Keebles.  The management team at Newburgh were advised by Chris Sellars of 7 Legal and Finance Ltd.