Engineering firm secures funding for new investment

The improvement in efficiency will allow the firm to pass on time and energy savings to customers whilst ensuring quality and delivery times are maintained. The new machine is also better for the environment.

B Allsops was founded in 1959 and has expanded since. The company’s industry knowledge 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.

Anthony Cope, Relationship Manger, Commercial Banking at Yorkshire Bank, 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.”

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 have worked with Yorkshire Bank for many years now because of their flexibility and commitment to local businesses like ours. We’re excited about the future and confident this investment will help us as we embark upon our next stage of growth.”