Fire Sleeve Manufacturer Sleeve It Ltd Secures £210K Investment for Expansion

A fire sleeve manufacturing company headquartered in Bamber Bridge has successfully secured a £210,000 loan from Lancashire County Council's Rosebud Finance, managed by GC Business Finance. Founded in 2003, Sleeve It Ltd specialises in producing insulation materials, protective sleeving, 'E' glass sleeving, and identification products. Its clientele spans various sectors, including hydraulic, automotive, aerospace, military, marine, and rail.

The injection of funds from Rosebud will empower Sleeve It Ltd to bolster its manufacturing capacity as it aims to attract more international clients. Additionally, since acquiring the loan, the company has expanded its workforce by hiring two new employees for its sales and production departments.

With ambitious growth objectives, Sleeve It Ltd is dedicated to enhancing its product portfolio. The financial support from Rosebud has facilitated the procurement of essential raw materials and tooling, underpinning the company's future endeavours.

Sharon McKie, director at Sleeve It Ltd, said: "We have already established a strong presence in the UK manufacturing industry and have ambitions to continue this success worldwide.

"We are keen to expand our current offering to the Irish market, as this currently remains untapped, and the funding from Rosebud Finance will help us achieve this, as well as looking further afield. I look forward to seeing what is next for Sleeve It as we continue to innovate and remain competitive in the market."

Jonathan Nelson, fund manager at Rosebud Finance, added: "Sleeve It Ltd is a great example of the vast amount of innovation talent that sits within Lancashire. Having worked with Sharon and the team to secure the loan, it’s an exciting time as they gear up to continue expanding internationally, as well as developing a new product range that would be a first for the industry. I look forward to seeing what they will achieve next."

Carole Haythornthwaite, county councillor at Lancashire County Council, said: "Sleeve It Ltd is a great example of the talent Lancashire businesses have to offer. The business already operates internationally and is expanding on this through the support of a Rosebud loan."