Rotherham laser cutting specialist targets £4.5m turnover after acquiring premises

Specialised Laser Products, the Rotherham-based laser cutting specalist, is targeting £4.5m turnover after securing a significant investment from Finance Yorkshire.

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, which has more than 500 clients nationwide, has purchased the premises it had been leasing with a £75k business loan.

Finance Yorkshire is on the lookout for fresh investments following a £5m injection of investment capital from Leeds City Region Enterprise Partnership (LEP) and Sheffield City Region LEP, supported by their respective combined authorities.

Duncan said: “We have been at Ford Park for the last 16 years and as we have expanded we have taken on further units and now occupy the entire site.

“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.”

Specialised Laser Products also recently invested in the latest laser cutting machines.

Duncan added: “This technology combined with our profile cutting and CNC machining facilities enables us to provide an excellent service to the sheet metal industry.”

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.

Grahame Lunt, investment manager at Finance Yorkshire, commented: “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.”

The £5m extension fund follows the full investment of Finance Yorkshire’s £113m fund in June this year, which continues to have a significant impact on the Yorkshire economy.