Printing company creates jobs with £345,000 funding

 AN OSSETT digital printing company has created five jobs following £345,000 funding.

Lloyds Bank Commercial Banking provided the funding to allow Kuhnel Graphics to invest in its production line. 

The second-generation printing company large format flat bed, roll fed digital and screen printing.

They wanted to expand the capabilities of the business and invested in a flat-bed digital printing machine and a digital cutting table using an asset finance facility provided by Lloyds Bank.

Yield is expected to increase 20% over the next 12 months, and two jobs have already been created with another three on the way.

Simon Kuhnel, co-owner of Kuhnel Graphics, said: “In our industry, digital technology is constantly evolving so it’s important that we invest in machinery that allows us to meet customer needs and create the top-quality we are known for.

“Lloyds Bank has worked closely with us to identify a funding solution that will enable us to achieve our ambitions. I look forward to working with the team in the future as we plan for further growth.”

Alan Kerr, regional manager, Lloyds Bank Commercial Finance, said: “Kuhnel Graphics is operating in an ever-changing market so it’s important they have access to the finance that enables them to compete.

“The asset-finance facility we’ve provided will allow the business to maintain a healthy cash flow while it invests in assets that will substantially bolster its production capacity, helping it capitalise on heightened customer demand.”

Gary Whitaker, manufacturing relationship manager of Lloyds Bank Commercial Banking, said: “Through our knowledge of the business and of the sector, we’ve been able to provide a funding solution, tailored to the business’ needs.

“We’re committed to helping manufacturers across the UK succeed and realise that to do that, we need a firm understanding of the markets in which they operate.

“All of our manufacturing relationship managers receive training at Warwick Manufacturing Group to help them understand and meet the needs of businesses in the sector.”

 

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