Packaging firm wraps up funding deal

AN early-stage business which offers custom-made boxes and packaging has been given a boost from Finance Yorkshire.

Hull Boxes & Packaging, which was formed in 2013 from two long-established Humber businesses, has secured a £15,000 Business Loan from the regional funding body.

The investment will provide vital working capital, enabling the firm to continue its bespoke service, specialising in smaller-run, quick turnaround requirements for SMEs.

Now employing 13 people, Hull Boxes & Packaging is headed by directors Richard Britton and Susan Winter. It achieved £1m turnover in its first 12 months and is aiming to double that within the next couple of years.

The business meets the needs of a range of sectors, from electrical and perfumery, to the traditional ale market and seasonal requirements such as high-quality packaging for organic turkeys.

Mr Britton said: “This Business Loan from Finance Yorkshire will allow us to maintain our service levels while we take on yet more customers. We have ambitions to grow the business up to £2m turnover, while maintaining our reputation for often niche requirements.”

Finance Yorkshire portfolio manager David Ward said: “Hull Boxes and Packaging was borne out of two long-established Humber firms and as an early-stage business, was finding the traditional routes to funding difficult. We are delighted to be able to support the company in its growth ambitions, and we are confident that with such a strong senior management team in place, it will continue to be an asset to the Humber economy.”