Specialised Laser Products

Business Loans Case Study

The company

Established more than 20 years ago by managing director Duncan Proctor, Specialised Laser Products employs 29 people at its Ford Park premises in Rotherham.

The company’s customer sectors include engineering, rail, construction and machine knives where it offers a range of materials including mild steel, stainless, aluminium, spring steel, tool steels, copper and brass.

The challenge

Specialised Laser Products has been based at Ford Park for the last 16 years. As the business has expanded, it has taken on further units and now occupies the entire site. The opportunity arose to purchase the premises it had been leasing.

Finance Yorkshire involvement

A £75,000 business loan from Finance Yorkshire – part of a funding package – enabled the company to purchase the premises.

Duncan said: “Buying our existing premises helps secure the future of the business and keeps us at the same location which is ideal for providing our services to customers nationwide.”

The Investment Rationale

Grahame Lunt, investment manager at Finance Yorkshire, said: “Specialised Laser Products is a successful and profitable business which constantly strives to deliver the very best service and products for its customers. Our investment has helped the company secure its premises and ensured the business and jobs are retained in Rotherham.”

Future Expectations

Specialised Laser Products recently invested in state of the art laser cutting machines. Duncan said: “This technology combined with our profile cutting and CNC machining facilities enables us to provide an excellent service to the sheet metal industry.

“We are always looking to improve our systems for the benefit of our customers. Our successful growth has been achieved through our commitment to delivering precision and quality products at all times.”