This will enable the £11 million acquisition of two engineers, one of which is Sarnatech BNL, part of Swiss concern Sarna Polymer.

Previously Investec put £3.2 million into the group a year ago. Following the deals, Plastics Capital has three separate businesses, operating from four factories across the Midlands and South and producing annual turnover of £15 million. Items made include ball bearings.

Chairman Faisal Rahmatallah says ‘The two new additions combine to make an attractive and highly cash generative group.