New success for owner who risked it all for ambition

AMBITIOUS Nick Iacobucci
AMBITIOUS Nick Iacobucci
Leone Hill

Unemployment fallen by half in last five years, figures show

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WHEN Nick Iacobucci started his business 25 years ago, Britain was just getting back on its feet after recession.

But it had been his long-standing ambition to buy an engineering firm, so he put everything he owned – plus the deeds to his parents’ house – into fulfilling that ambition.

Today, despite some highs and lows along the way, Nick’s company DKW Engineering Ltd is bucking this current economic downturn and expanding.

It is now one of the leading precision engineering companies in the south, proven by its being trusted to machine and engrave the iconic Spirit of Ecstasy figurines for Rolls-Royce.

The company also works in the aerospace, defence, petrochemical, civil and general tool-making industries.

Nick said: ‘Our reputation has been built on the quality of our product and also on the level of customer service we have strived to deliver over the last 25 years.

‘We are a family business and our success has been built on integrity and honesty with our clients and employees as well as our financial partner since the offset, Barclays.’

The bank helped the business buy its new 14,000sq ft freehold premises on Quartremaine Road, Airport Industrial Estate, Portsmouth, for £500,000.

It means the company can secure the future growth plans of the company and its 34 employees, which now include Nick’s sons Karl and Daniel.

Steve Gritt, relationship director for Barclays Corporate in Portsmouth, who works with Nick, said: ‘Nick and family have built a good management model with clear objectives and growth plan, and I’m thrilled Barclays continues to play a part in their success now and in the future.’