FIVE workers hit by the collapse of a Brighouse steel pressings firm have enjoyed a spectacular change of fortunes.
The employees faced an uncertain future when West Riding Pressings went into receivership nearly a year ago. Now they are making headway with their own firm, WR Pressings, after getting a funding boost.
The five-strong team, still based in Brookfoot, Brighouse, is made up of toolmakers and production specialists.
At the outset, they recruited business support body Business Link West Yorkshire for advice on forming the new firm. Adviser Nic Morton put in touch with funding group West Yorkshire Ventures to help finance their business.
Jason Hodgson, of WR Pressings, said: "We were confident that we had the skills and expertise to deliver the work - but we needed ideas about how we could develop a sound business plan, which would ensure we received financial backing from the bank."
"West Yorkshire Ventures provided us with an invaluable service.
"Their no nonsense, straight-talking adviser Danny Pickering, set us on the right track and put us in touch with a solicitor and accountant, who supported us in our bid to receive financial backing."
WR Pressings wassuccessful in securing funding and the company, which supplies pressed metal components, is already exceeding forecast targets. The firm has also recruited five employees to double its numbers.
Mr Pickering said: "It is great working with the team at WR Pressings. The skill and knowledge that the team possess is second to none and the passion and enthusiasm that they give to the business is remarkable.
"The company has exceeded the initial targets that were set and they are well on their way to hitting £1m turnover within 12 to 18 months."
Said Mr Hodgson: "We are looking forward to the next six months with excitement and anticipation.
"We have quoted for a lot of work and we hope that some - if not all - of these opportunities will result in increased business."