Aldermore has provided a new asset finance facility worth £530,000 to Sturdy Print.
The print manufacturing business has an annual turnover of over £3m and employs 35 staff.
The facility from the specialist bank to the Lancashire-based business — which offers day-to-day printing and B2B services — has resulted in productivity at Sturdy Print increasing by 300%.
Stewart Sturdy, co-owner and financial director at Sturdy Print (pictured above, left), said: “We realised a number of years ago that to survive as a business we needed to be able to provide more than the traditional litho-printing service.
“Over the years, we’ve gradually improved the size and productivity of the machinery that we own to meet the increasing demand for B2B printing services — but that machinery isn’t cheap.”
Sean Thorn, business development manager at Aldermore, added: “It is always encouraging to see family-run businesses flourishing and we’re delighted Aldermore is able to support Sturdy Print in achieving their business goals.”
Steve Price at Ilsley Finance Ltd (pictured above, right), commented: “Sturdy Print has been a client for some 18 years and this acquisition was the latest in a long line of equipment upgrades.
“Our working history enabled us to source a competitive and attractive facility very promptly."
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