Grimsby shipping cable firm aim for expansion with new machinery

A grimsby-based company, specialising in supplying synthetic ropes and cables to the marine industry, is investing in brand new machinery to help cater for growing demands.

With the support of a five-figure loan from Lloyds Bank Commercial Banking, Tyson’s Ships Riggers, which is a family-run business, is aiming to expand its range of products with the purchase of the machinery.

Operating out of the Omega Business Park in Grimsby, the company’s product line now increased to include bespoke mooring cables for cross-channel ferries and heavy-duty CALM buoy systems for oil tankers.

Established by director Mark Tyson and his father in 1982, Tyson’s Ships Riggers’ fishing and offshore product divisions are currently headed by Mark’s sons, Jonathan and Chris.

In addition to the firm’s expansion strategy, TSR has also bought a new wire rope press that withstands much larger diameter cable, which is growing in demand from oil and gas vessels and marine contractors.

Along with its team of 13 staff, TSR recently appointed a single point moorings specialist to contribute to the firm’s efforts to increase its current turnover to around £5 million in the next five years.

Mark Tyson, managing director of Tyson’s Ships Riggers, said: “This new wire rope press will be an important part in helping us to cater for growing demand from the international oil and gas sector, where products tend to be considerably larger than those used in fishing.

“We have continued to expand our range of products over the years in response to changing demands from the fishing and marine industries, and we’re currently gaining our certification for new high-duty mooring products that will open up international markets to us.

“The support from our relationship manager at Lloyds Bank has been invaluable in supporting our growth since we started the company, and this latest deal will help us to directly target overseas customers.”

Craig Cousen, relationship manager for Lloyds Bank Commercial Banking, said: “Tyson’s is a superb example of how a traditional company can continue to grow even when its traditional market declines, through innovation and hard work.

“By continuing to diversify its offering and secure new contracts in the offshore sector the company has become a major player on the East coast, which is a testimony to Mark and his team.

“We work closely with firms like Tyson’s to ensure that they have access to a variety of support and guidance as and when they need it, to help them to secure new growth opportunities when they appear.”

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