Section 172 Statement

The Company is committed to a continuous dialogue with stakeholders as it believes that this is essential to ensure a greater understanding of and confidence amongst it stakeholderes in the medium and longer term strategy of the company and in the Board's ability to oversee its implementation. It is the responsibility of the Board as a whole to ensure that a satisfactory dialogue takes place.

Section 172 of the Companies Act 2006 requires Directors to take into consideration the interests of stakeholders in their decision making. The Board is committed to understanding and engaging with all key stakeholder groups of the Company in order to maximise value and promote long-term Company success in line with our strategic objectives. The Board recognises its duties under Section 172 and continuously has regard to how the Company's activities and decisions will impact employees, those with which it has a business relationship, the community and environment and its reputation for high standards of business conduct. In weighing all of the relevant factors, the Board, acting in good faith and fairly between members, makes decisions and takes actions that it considers will best lead to the long-term success of the Company.

During the year, the Board assessed its current activities between the Board and its stakeholders, which demonstrated that the Board actively engages with its stakeholders and takes their various objectives into consideration when making decisions. Specifically, actions the Board has taken to engage with its stakeholders in 2019 include:

" Arranged meetings with certain stakeholders to provide them with updates on the Company's activities and other general corporate updates;
" Evaluated the relationships with the Company's various collaborators through management and identified ways to strengthen relationships and arrangements with key collaborations; and
" Monitored company culture and engaged with employees on efforts to continuously improve company culture and morale.

The Board believes that appropriate steps and considerations have been taken during the year so that each Director has an understanding of the various key stakeholders of the Company. The Board recognises its responsibility to contemplate all such stakeholder needs and concerns as part of its discussions, decision-making and in the course of taking actions, and will continue to make stakeholder engagement a top priority in the coming years.

The company's web site at is the primary source of information on the company. The web site includes an overview of the activities of the company and other relevant information.

Last Updated on Tuesday, 01 December 2020 17:19

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World class engineering solutions

Preci-Spark Limited has multiple opportunities for young people looking to develop into skilled engineering craftsmen. This is achieved through structured development based training and work experience.

Who we are
Preci-Spark is a leading European contract manufacturer for the high technology industries delivering manufacturing solutions to the global market place. Established in 1960 the company employs 450 people across 6 manufacturing facilities in the United Kingdom. As a process based manufacturing specialist, Preci-Spark delivers an array of components, complex fabrications and assemblies to the Aerospace and Industrial markets. Our extensive portfolio of in-house processing capabilities allows greater production control, accelerated lead times and reduced costs. Being customer focussed in all our activities, Preci-Spark embraces the requirements defined in AS9100 Revision C. We are committed to maintaining a Quality Management System of the highest possible standard. Our core processing capabilities include: vacuum brazing, heat treatment, electro-discharge machining, laser machining, welding, cnc machining, tool making, inspection and non-destructive testing.

We offer a Craft Apprenticeship programme to level 2 or 3 in engineering and vocational training to gain NVQ qualifications. This is delivered through block or day release studies, while still in full time employment. We will get you involved with hands on practical applications from the moment you finish your basic studies with our training partners.

Training Providers and Locations
Practical on the job training will take place at Preci-Spark manufacturing facilities in Loughborough, Coalville and Syston. Academic and Vocational training will be at one or a combination of the following colleges; Loughborough College, Loughborough / Stephenson College, Coalville / Leicester College, Leicester and Saint Austell College, Cornwall.

You can expect to earn a salary of between £9100 and £11500 to start depending on your age. Yearly increases based on performance could see your income rise to between £22000 and £26000 (including productivity bonus) within 5 years. This is in addition to the skills and academic qualifications you will have achieved that are yours for life. After the qualifying period, you will be eligible for the workplace pension provision which the company also makes contribution.

Who we are looking for
Of course the benefits we offer mean we want the best candidates that can support the current and future needs of the company. We are looking for people who want to shape the future, not just be a part of it. That is why we reward those who are already demonstrating their talents and interests in areas of engineering. Do you already understand what engineering is all about? Have you been involved in projects that required manual dexterity, reasoning ability to resolve problems, a curious nature to understand why and how things go together or you generally just like to tinker with things to see how they work or can make them better?

Then you are the sort of fertile mind we are prepared to invest in. You will be expected to have numeracy and literacy skills that will enable you to undergo the training you will receive successfully. Good passes in your GCSE for numeracy and literacy are expected. A good academic foundation is important but your ability to receive instruction and directions is far more important to us. We believe that if you come to us with a willing mind and positive attitude, we can help you become a high skilled engineer and ensure a truly successful career in manufacturing.

Please send us your CV with a cover letter telling us relevant interesting things about you, or go to the online application link to detail why one of our positions should be reserved for you.

Candidates who succeed past the initial screening will be invited for a face to face interview and assessment sessions.

Last Updated on Wednesday, 02 May 2012 13:02

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