B Allsop Limited, the Huddersfield based sheet metal manufacturer, has agreed a £400,000 finance package with Yorkshire Bank’s asset finance team to support the firm’s investment plans.
The funding has allowed the precision sheet metal engineering firm to invest in a new £500,000 state-of-the-art laser cutting machine which will enhance the ability to cut through thicker metal more quickly.
This improvement in efficiency will allow the firm to pass on time and energy savings to customers whilst ensuring quality and delivery times are maintained. The new machine is also better for the environment.
Ian Johnson, financial Director at B Allsop, said: “This funding package will enable us to make a significant investment in our manufacturing capability, helping us further improve our productivity and grow the business.”
“We have worked with Yorkshire Bank for many years now because of their flexibility and commitment to local businesses like ours. We’re excited about the future and confident this investment will help us as we embark upon our next stage of growth.”
B Allsop was founded in 1959 and has expanded rapidly since. It now boasts an annual turnover in excess of £9m, employs 120 staff and has designed and created products for some of the best-known companies in the world.
The company’s industry knowledge and expertise has allowed it to build an impressive reputation for precision work and it now has 200 UK and international customers. It has clients from a range of industries including marine, retail, power generation, air, rail and transport and defence.