Central Group in Knowsley receives £700K funding from NPIF II.
- Funding to support digital transformation and job creation.
- Collaboration with Liverpool universities to enhance tech innovation.
- AI-driven system diagnostics to revolutionise machinery management.
- Central Group’s leadership aims to shift from reactive to proactive strategies.
Central Group, a well-established electromechanical specialist based in Knowsley, has successfully secured a £700,000 investment from NPIF II – FW Capital Debt Finance. This investment is anticipated to significantly bolster the company’s digital transformation initiatives, stimulate job creation, and facilitate advancements in new technology sectors.
The firm, which has over 50 years of expertise in the rotating machinery sector, focuses on the supply, installation, repair, and maintenance of industrial electric motors, generators, inverter drives, and industrial pumps. Central Group collaborates with leading Original Equipment Manufacturers such as ABB, Nidec, Innomotics, and Siemens, anchoring its reputation for reliability and industry knowledge.
This crucial funding will also enable Central Group to create eight new positions and foster collaboration with Liverpool University and Liverpool John Moore University. They are jointly working on a Knowledge Transfer Project aimed at advancing system diagnostics and maintenance optimisation through an AI-driven prognostic health management system for industrial drives.
The enterprise, managed by Shaun and Tim Sutton since 2001, is leveraging its extensive expertise to offer innovative solutions in the sector, setting itself apart from competitors. Shaun Sutton highlights the implementation of cutting-edge AI algorithms, which enhance the reliability and performance of mechanical systems, describing it as a game changer for the industry. This advanced sensor technology mitigates risks by predicting potential equipment failures, thus allowing timely maintenance scheduling.
Moreover, the second-generation family-run business takes pride in its role as a preferred supplier to major machine manufacturers and its engagement with prominent blue-chip companies. The backing from NPIF II and support from FW Capital have been pivotal in transitioning the business from reactive maintenance to a more predictive and strategic approach.
Central Group’s strategic use of NPIF II funding sets a robust path for future growth and technological innovation.