In 1978 Graham Honeyman joined Parsons Turbine Generators Limited as a Research Metallurgist rising to Principle Engineer before joining Sheffield Forgemasters as Technical Director in 1988. In the early years of the 20th century the company suffered from poor management and increasingly difficult market conditions such that the turnover fell to £38m and the company was in financial difficulty. In 2005 Graham led a management buyout of the Company and was appointed Chief Executive. Since then he has guided Sheffield Forgemasters through the booms and busts of the last few years. Its annual sales are now in the region of £100m with a proportion of that coming from the provision of services which the company aims to increase to 30% of turnover within the next 5 years which will help to iron out the ups and downs. Forgemasters now has a workforce of 750 employees. Graham was awarded a CBE in 2008 and a Bessemer Gold Medal on 5 July 2012.