£1.8m loan to help print and technology company create dozens more jobs
XBM Ltd, a printer, photocopier, AV, digital solutions, and technology reseller has bought a 16,000 sq ft building in Morley, Leeds, where it plans to move its head office thanks to a £1.8m loan from NatWest.
The move will double the size of the company’s Leeds base and create 45 new jobs.
It has now acquired four buildings over the past decade with financial aid and support from NatWest.
XBM says it has impressed the bank with its focus on sustainability. This has led to partnerships with Epson, which provides Heat-Free print Technology, and Ecologi which empowers businesses to accelerate global climate action and has funded the planting of over 70 million trees.
XBM now plants 165 trees for every Epson print solution it installs, offsetting its own carbon footprint for delivering and installing Epson’s products.
The business currently has a turnover of over £7m, which it plans to increase to over £30m with NatWest’s ongoing backing.
Richard Taylor, managing director and a shareholder in XBM, said: “We have always wanted to run the business with a focus on being sustainable and with NatWest’s help this is now turning our dream into a reality.”
Justin English, chairman and also a shareholder in the firm, added: “The purchase of XBM’s new Leeds HQ and our continued growth will create an additional 45 jobs and we are determined for our vision for the business to become a reality with the help of NatWest.
“We currently employ 65 staff across the four main sites and hope to almost double this figure in the next two years.”
Paul McCarron, relationship director at NatWest, said: “We’re all about thinking into the future and a big part of that is sustainability, so to see Justin’s passion around sustainability, it was a no brainer. We had to get involved.
“Justin has been phenomenal to work with. His drive and passion are second to none and the results XBM Ltd have produced the last couple of years are truly astonishing. We couldn’t be prouder.”