>> Well unfortunately I’d say it’s bad news, the quote is ridiculously high... £10,000 plus, and that’s just for the tooling quotation and not including production
I know that's not the number you were hoping for, but I can see how it could cost that much.
To reproduce that part, someone has to spend time taking the measurements and creating a 3D model, then design a multi-part mold that could work with their injection machines, create the part, and allow it to be released. Then that mold has to be created, which for production shops would mean programming and CNC milling of multiple large blocks of aluminum, with some post processing and fixturing as well. Perhaps also a QC check and some trial runs at producing parts. So you're paying for time and materials, across several specialities.
How big is this seal? (approximate diameter when laying flat)
It could be that the size drives up the cost as well.

I know that's not the number you were hoping for, but I can see how it could cost that much.
To reproduce that part, someone has to spend time taking the measurements and creating a 3D model, then design a multi-part mold that could work with their injection machines, create the part, and allow it to be released. Then that mold has to be created, which for production shops would mean programming and CNC milling of multiple large blocks of aluminum, with some post processing and fixturing as well. Perhaps also a QC check and some trial runs at producing parts. So you're paying for time and materials, across several specialities.
How big is this seal? (approximate diameter when laying flat)
It could be that the size drives up the cost as well.