Rotherham-based Specialised Laser Products Ltd (SLP), which provides laser cutting services for a wide range of industries and has more than 500 clients nationwide, has secured a seven-figure working capital facility to support future growth. 

The working capital facility was structured by Adam Myers at Ultimate Finance, who worked with Adam Simpson at the Liquidity Club to tailor a finance package to support SLP's growth strategy to move the business forward to expand with new projects in the rail sector and increase profits. The working capital line includes a revolving facility that provides flexibility for SLP to access funding when it is needed to assist new contract wins and growth opportunities.

​Duncan Proctor, managing director at SLP said: "The new funding package puts SLP in a strong position for continued growth and will support new contract wins and our ability to drive forward the business. We have recently expanded our sales team which further strengthens our ability and desire to increase our customer base across the UK. We want to be the best at what we do – which is why we've invested in our people and use the latest technology, enabling us to deliver projects on time and to specification.

Adam Simpson, commercial director Liquidity Club said: "SLP is a great family run business and Duncan is hugely knowledgeable in his field of work. Thanks to the working capital facility provided, SLP can grow the business with the confidence they have the right financial backing. Duncan is the driving force at SLP with over 25 years in the industry and his hard work and knowledge is really paying off. The expansion of the sales team and new business wins highlights SLP's commitment to take the business to the next level and they have identified opportunities to expand into the rail sector."

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