Metal fabricator continues upward curve following £200k support
An Accrington metal fabricator has secured a £200,000 loan to help its continued growth.
Pharma Sheet Metal (PSM) has been supported by Rosebud Finance, Lancashire County Council’s business loans vehicle delivered by GC Business Finance.
Established in 2021, PSM is now a prominent player in the sheet metal industry. With 30 years’ experience in all aspects of sheet metal fabrication, Lee Limbert initially started PSM in a single unit. In two years the company has expanded to occupy three adjoining units totaling 15,000 sq ft.
PSM operates in two distinct departments, food metal detection equipment and premium sheet metal services for a wide range of industries.
From its initial team of just four, PSM’s now 24-strong team is poised to expand its service offering across both departments.
Having worked with Mark Gibbons at Access to Finance (A2F), Limbert was referred to Rosebud through the programme. Subsequently, the loan from Rosebud has been used to invest in advanced machinery including CNC laser cutting, bending and milling and turning machines, along with a self-contained glass beadblast unit, all of which brings outsourced production processes in house.
Limbert also received support from Boost, Lancashire’s Business Growth Hub, to help prepare the business for growth. After an initial conversation with a Boost adviser, he received mentoring support and was also introduced to a new Lancashire-based supplier.
Alongside a focus on bringing outsourced parts in-house, PSM is also committed to building out its global supply chain, streamlining operations and reinforcing its commitment to delivering top-tier quality and efficiency. Additionally, it is looking to train the next generation by investing in more apprentices.
Lee Limbert said: “As a business owner, the first few years can be a real learning curve. From growing our team to expanding our premises, there have been so many milestones, and I’m very proud of the position we’ve been able to establish in the market.
“The funding from Rosebud marks yet another milestone, and the support received from Jonathan has been instrumental in driving the growth of our business.
“Now, we’re on the cusp of an exciting new chapter where we’ll be investing in apprenticeships, expanding our global supply chain, and broadening our customer base.”
Jonathan Nelson, senior loans manager at Rosebud, said: “The impressive strides Pharma Sheet Metal has made, both in terms of their operations and their commitment to excellence, stand as a testament to their dedication and hard work. The team’s ongoing growth and its steadily expanding clientele serve as an example of the remarkable entrepreneurship found in Lancashire.”
Cllr Aidy Riggott, cabinet member for economic development and growth at Lancashire County Council, said: “The rapid growth of Pharma Sheet Metal perfectly displays the strength of businesses in Lancashire. With a number of resources in our region it’s great to see that Lee was able to utilise A2F, Boost, and Rosebud to facilitate further growth.”
