Leeds print management firm expands into Birmingham after funding deal
A print management company, founded and headquartered in Leeds, has acquired a permanent office in Birmingham following a new funding deal.
XBM has used £235,000 of funding from NatWest to secure its first office in the Midlands. The new office expands the company’s footprint outside of the north of England for the first time.
The total investment in Birmingham will reach £750,000 by the end of the year.
Located in Aston, the Birmingham office will create 10 new jobs when it opens in March, adding to the 35-strong staff currently employed across XBM’s Leeds, Newcastle and Manchester offices.
Founded in 2008, XBM provides specialist office and production print equipment to clients across the UK. The business has been growing at 20% a year and has a reported annual turnover of £2.5m.
XBM’s current clients range from sole traders to large listed companies, along with local councils and schools.
Plans for further UK expansion are already underway, with the company hoping to open an office in London within the next couple of years.
Justin English, managing director at XBM, said: “Birmingham has a high concentration of businesses that could benefit from our innovative services, which makes it the perfect location for XBM’s next phase of expansion.
“Thanks to the funding from NatWest, we have been able to purchase a permanent West Midlands base and increase our national reach. It is our 10th anniversary this year and we hope to continue leading the way as one of the most competitive print management companies in the UK.”
William Islip, NatWest Senior Relationship Manager, said: “We have worked with XBM for eight years, helping Justin and his team purchase their Leeds, Newcastle and now Birmingham offices. We look forward to supporting XBM with its continued UK growth.”
Pictured from left: William Islip, Senior Relationship Manager at NatWest, Justin English, managing director and Richard Taylor, director, both XBM.