Metal fabricator brings work in-house with £200,000 funding

Accrington-based metal fabricator Pharma Sheet Metal (PSM) has secured a £200,000 loan from Rosebud Finance which will enable it to widen the scope of work it undertakes in-house.

The funds have been invested in advanced machinery including CNC laser cutting, bending and milling and turning machines, along with a self-contained glass beadblast unit, all of which previously required outsourced production processes.

Established in Accrington in 2021, PSM is now a prominent player in the sheet metal industry. With 30 years’ experience in all aspects of sheet metal fabrication, Lee Limbert initially started PSM in a single unit. In two years the company has expanded to occupy three adjoining units totalling 15,000 square foot.  

PSM operates in two distinct departments, food metal detection equipment and premium sheet metal services for a wide range of industries. 

To meet increasing client demand, PSM has continued to grow. From its initial team of just four, PSM’s now 24-strong team is poised to expand its service offering across both departments. 

The new loan has been provided by Rosebud, Lancashire County Council’s business loans vehicle delivered by GC Business Finance.

Lee Limbert was introduced to Rosebud by Mark Gibbons who he met through Access to Finance (A2F).

He has also received support from Boost, Lancashire’s Business Growth Hub to help prepare the business for growth. After an initial conversation with a Boost adviser, he received mentoring support and was also introduced to a new Lancashire-based supplier. 

Lee said: “As a business owner, the first few years can be a real learning curve. From growing our team to expanding our premises, there have been so many milestones, and I’m very proud of the position we’ve been able to establish in the market. The funding from Rosebud marks yet another milestone, and the support received from Jonathan has been instrumental in driving the growth of our business. 

“Now, we're on the cusp of an exciting new chapter where we'll be investing in apprenticeships, expanding our global supply chain, and broadening our customer base.” 

Jonathan Nelson, senior loans manager at Rosebud, said: “The impressive strides Pharma Sheet Metal has made, both in terms of their operations and their commitment to excellence, stand as a testament to their dedication and hard work.

"The team's ongoing growth and its steadily expanding clientele serve as an example of the remarkable entrepreneurship found in Lancashire. I wish the team every success and look forward to seeing how the business develops in the coming years."