£18m printing firm invests in growth

£18M-TURNOVER manufacturer The Great Northern Envelope Company is investing in new equipment as it looks to grow its product range.

GNE has invested in a specialist Komori printing press after securing a commercial loan from lloyds bank Commercial Banking.

It has increased capacity and helped shorten lead times for customers.

Warren Shermer, managing director at Great Northern Envelope Company, said: “The new press will allow us to offer industry-leading quality of print, and help us continue to be a key player in the expanding direct mail market.

“Moving our banking arrangements to Lloyds Bank allowed us to be more efficient with our finances, from which we are in a better position to grow as a business, and expand our production capabilities.”

Steve Dale, relationship director at Lloyds Bank Commercial Banking, said: “With new production assets and streamlined finances, GNE is in a strong position moving forward.
“Its invoice discounting facility helps the business manage its working capital, helping speed up the firm’s future investment and growth.”