£11m turnover engineering firm targets major contracts after funding deal

Allied Protek Engineering Solutions has secured a funding package that will enable it to tender for larger contracts and support the growth of sister company Humber Recruitment.

Established in 2013, and headquartered in Grimsby, Allied Protek Engineering Solutions operates across the UK and overseas and project manages, designs, installs and manufactures plant and equipment.

The company employs more than 100 staff across sites in Grimsby and Manchester and turnover for the year is expected to exceed £11m.

Managing director Paul Wilson said: “We’ve recently seen a growth in orders both in the UK and overseas and the new funding stream will enable us to develop our manufacturing and testing capabilities. We have been working closely with customers to design and develop bespoke equipment solutions which will give us the product and manufacturing platform we are looking for. With Barclays help we have invested heavily in our manufacturing facilities and product development.

“Our sister company Humber Recruitment specialises in recruitment to the engineering and manufacturing sector and has also benefited from new funding. We’ve seen rapid growth here bringing a new dimension to our business enabling us provide additional space and consultants to meet demand.”

Kevin Peart, Barclays relationship director said: “Since Allied Protek moved their banking to Barclays, we’ve been able to provide term debt and more recently working capital as well as supporting grant applications to enable their continued growth. The dedicated management team are very capable and focused on what they want to achieve and we’re delighted to once again partner with them for their future growth ambitions.”

Andrew Marsh, Barclays; Paul Wilson, Allied Protek and Kevin Peart, Barclays