Rosehill Polymers Ltd
Business Loans Case Study
West Yorkshire-based Rosehill Polymers Ltd supply world class polymer technologies and moulded rubber products to a wide range of global markets.
The company wanted to kick start a wider £4million plan to expand the business and increase sales across all business sectors, including sports and play, military, rail, highways, biomedical, adhesives and the energy industry.
A £250,000 business loan from Finance Yorkshire has been used to purchase new plant and machinery to support the development of an additional production line.
Rosehill Polymers Ltd, which has a head office at Sowerby Bridge, was one of the first companies to benefit from Finance Yorkshire’s increased limit on its Business Loans.
The company was introduced to Finance Yorkshire by David Whitehouse, Corporate Relationship Manager at The Co-operative Banking Group.
Dr Alex Celik, Group Managing Director at Rosehill Polymers Ltd, said: “The investment from Finance Yorkshire is part of an on-going project to expand our business.
“We currently operate across seven different business units, and our aim is to increase sales across all sectors, especially within the offshore energy, rail and highways market, where we have witnessed the most significant growth.”
The Investment Rationale
Jonathan Craig, Finance Yorkshire Investment Manager, said: “Rosehill Polymers Ltd is a forward thinking business that has interests in business ranging from sports flooring to the oil and gas sector.
“They have focused on investing in research and development over the past five years and are now breaking into new growth markets.
“We are delighted to be able to support the business as they explore these markets, and we continue to be impressed with their vision and ambition for the future.”
“Rosehill Polymers is one of the first recipients to benefit from Finance Yorkshire Business Loans increasing its level of funding to £250,000 which we are confident will provide a significant catalyst to a range of successful businesses needing finance to help them grow.
Alex added: “Finance Yorkshire has enabled us to start our exciting expansion project, and has provided the catalyst for our bigger plan which we hope to be an overall £4million investment into our company.”
Note: this case study is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire