Manufacturer pushes ahead with global growth plans after funding deal

A WEST Yorkshire manufacturer of specialist seals and gaskets has secured £250,000 in funding which will enable it to move premises as it targets global growth.

V-Seal, based in Halifax, West Yorkshire, has agreed the combined invoice finance facility with Aldermore, the specialist lender and savings bank, which will also be used to install a new laser cutting machine.

This will enable the company to serve more customers globally and help it to cope with increasing demand for its products.

V-Seal, one of the leading suppliers of all sizes of seals and gaskets to petrochemical and oil refineries across the world, was established in 1997 and employs 21 staff.

Mark Birks, managing director at V-Seal, said: “We’re keen to further develop and grow V-Seal and this funding is a crucial step in the journey. We will be upscaling our operations so that we can manufacture more products and serve more customers, with a particular focus on growing our export business.

“The team at Aldermore has supported us for several years and has a good understanding of our business and requirements.”

St John Emms, relationship manager at Aldermore Invoice Finance, said: “V-Seal is a well-established business with experienced staff, and has enjoyed strong growth in recent years. We’re pleased to have been able to assist them by providing the additional funding they need to further grow their business, and we look forward to seeing how the company develops in the future.”
 

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