Finance deal boosts £9m engineering firm’s growth plans

A sheet metal manufacturer founded in 1959 has secured a £400,000 finance package to invest in the latest technology as part of its ambitious growth plans.

The funding has enabled Huddersfield-based B Allsop to buy a £500,000 state-of-the-art laser cutting machine which will enhance the ability to cut through thicker metal more quickly.

B Allsops has 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.

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’re excited about the future and confident this investment will help us as we embark upon our next stage of growth.”

The deal was delivered by Anthony Cope and Sarah Gwynne at Yorkshire Bank.

Cope said: “B Allsop is an innovative engineering company with a rich and successful heritage. The management have shown great ambition and our support reflects their commitment and determination to continue to build this business. Ian and the team at B Allsop are a fantastic example of the entrepreneurial spirit which is critical to the success of the local and UK economies.”