Firm shows it’s made of stern stuff

Holly Lynch MP for Halifax, Matthew Canning (Lloyds), Michelle Kelly (Lloyds), David Shoosmith (MD Pulman Steel), Chris Horner (Finance Director Pulman Steel).
Holly Lynch MP for Halifax, Matthew Canning (Lloyds), Michelle Kelly (Lloyds), David Shoosmith (MD Pulman Steel), Chris Horner (Finance Director Pulman Steel).
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A fourth-generation Sowerby Bridge steel stockholder has re-opened after being affected in December’s floods.

Pulman Steel supplies a range of steel to engineering companies, fabricators, local authorities and the building industry.

The floods destroyed 60 per cent of the business’ fleet of delivery wagons as well as all of the firm’s machinery, IT systems, and half of its office space, while 80 per cent of the business’ stock was also written off.

Lloyds Bank Commercial Banking provided a £1.1 million asset finance facility to enable the business to repurchase the machinery it lost.

David Shoesmith, managing director at Pulman Steel, said: “It’s taken a lot of hard work but we’re proud of the progress we’ve made and looking forward to getting back to business as usual.”