A businessman whose company has been devastated by the recent floods has revealed his losses could top £1 MILLION. Neil Craddock runs Wood Flooring Engineered, a specialist firm which has been based in Burrowbridge on the Somerset Levels for the past ten years. But the factory has spent the whole of 2014 under up to TEN FOOT in water - wrecking the company's expensive equipment and stock. Mr Craddock, 64, faces losses of £1 million because he couldn't insure the site following flooding the previous year.