Sheffield-based Tinsley Bridge (www.tinsleybridge.co.uk
), a manufacturer of suspension parts for trucks world-wide, is continuing its expansion with the help of a £300,000 loan from NPIF-Mercia Debt Finance.
This will give the company a contingency fund to safeguard the business against any shocks arising from the Brexit process, while also allowing it to pursue its longer-term growth strategy.
One of Sheffield’s largest manufacturers, Tinsley Bridge employs around 200 people (in three separate divisions), and its origins go back almost 200 years.
The company invented the parabolic tapered leaf spring that is used in over 80% of truck suspensions world-wide, and it continues to supply suspension stabiliser bars for all Volvo, Renault and Iveco trucks.
It also has a blades division (Tyzack Machine Knives), which produces products for the steel and scrap industry, and a fabrication arm that makes structures for energy, transport and infrastructure projects, including the powered hinges on the roof of Court Number One at Wimbledon.
Mark Webber, managing director of Tinsley Bridge, said: “We are following a growth plan to increase turnover by 25% over the next few years and already have investment in place to support that.
"However, amidst the recent uncertainty, it became clear that we needed contingency funds to protect the business from unexpected shocks.
"Mercia quickly understood our issues and formulated a plan that would give us appropriate funding to secure the business through a potentially turbulent period, while allowing us to press on with our longer-term growth plans.”