Focus on growth as Rosehill secures funding

The Co-operative Bank’s Leeds Corporate Banking Centre (CBC) has provided a £1.85m refinancing package to Rosehill Polymers, a privately-owned polyurethane manufacturing plant based in Sowerby Bridge, near Halifax, West Yorkshire.

The business, which has one of the largest independent polyurethane production facilities in Europe, was established in 1988 by its current chairman Michael Hopkinson.

It has an annual turnover of £19m and employs 74 staff across four large plants in Sowerby Bridge serving the sports, rail and highways, industrial and offshore sectors.

The company provides binders and adhesives for sports tracks and children’s playing surfaces.

It also provides FIFA-standard infill for artificial sports surfaces and running tracks.

In an industrial setting, it produces pipe protection and insulation products.

Richard Gandy, the business development manager at The Co-operative Bank’s Leeds CBC, said: “Rosehill Polymers has maintained excellent growth despite the recent difficult economic climate. We’re happy to support a growing company with its recent acquisitions and natural expansion.

“This funding arrangement shows that even in today’s uncertain economic climate, we’re still very much open for business and lending to quality businesses with impressive corporate strategies, such as Rosehill Polymers.”

Dr Alexander Celik, Rosehill Polymers managing director, said the company had needed flexibility and support from its bank.

The Co-operative Bank is part of Co-operative Financial Services (CFS).

Following the merger with Britannia Building Society in 2009 CFS, is one of the largest mutual businesses operating in both retail and corporate markets.

The combined business has £70bn in assets, 12,000 staff and nine million customers.

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