Bank’s £600k backing leads to new jobs at Stockport printer
A Stockport-based commercial printing company has purchased state-of-the-art printing equipment funded by HSBC UK and is now expecting rapid growth.
Chapel Press has used a £600,000 funding package from HSBC UK to buy a German-engineered Heidelberg colour press. This investment will enable the business to shift to a 24-hour printing cycle as more levels of autonomy are introduced, increasing productivity by 30%.
As a result of the new machine, Chapel Press is expecting to create five jobs and increase turnover by 25% over the next 12 months.
The business is targeting growth across the UK and Europe in the education and housing sectors.
Managing director, Tim O’Shea, said: “Moving to a 24-hour cycle is a huge step forward for the business and it allows us to significantly increase services for new and existing clients. We’re delighted to make these changes with the support of HSBC UK and excited for the future of Chapel Press.”
John Paulson, relationship manager for HSBC UK, Liverpool & Cheshire, added: “Chapel Press operates in an incredibly competitive industry which makes its longevity even more impressive.
“For over three decades the business has built significant expertise whilst not being afraid to provide innovative solutions.
“This latest investment confirms this and signals the business’s plans for continued growth and expansion.”
Founded in 1983, Chapel Press provides print and marketing services to large multinational companies and small local enterprises across the North West. The business currently employs 31 people across a diverse range of roles.
This deal was supported by Craig Onions, corporate relationship director for HSBC Equipment Finance (UK).