Printing company gets it Wright with SYIF
Published: 17th December 2009
Photo caption: (R-L) Ian Wright, managing director of Wright Printing Services and Paul Betts, investment manager at SYIF.
Rotherham-based Wright Printing Services Ltd has recently received the first tranche of a planned £500,000 investment from South Yorkshire Investment Fund (SYIF).
Wright Printing Services (WPS) whose customers are print management organisations, brokers and in some instances other printers, produce a vast range of printed products for use in the financial services, retail and a variety of other sectors.
WPS has a loyal customer base, many of whom have worked with the company for a number of years and have come to rely upon the excellent quality and service provided by this customer driven organisation which was aaccredited for the FSC and PEFC forest sustainability schemes earlier this year.
Ian Wright, managing director and Emma Dutton, finance director at WPS are delighted to have been able to attract investment from SYIF at this important stage of businesses development.
Ian said: “The company is currently working on plans to improve its reprographics systems, to ensure the technology and capacity are in place to support the anticipated growth in revenue planned over the next few years.”
WPS produces a variety of products ranging from stationery to full colour brochures and folders , and offers its customers an almost unique level of diversity, making WPS one of the leading trade printers in the UK.
But like most of the manufacturing industry, WPS has been challenged through the recession - but clear objectives and a passion for success have been rewarded with record sales in each of the last three months.
Paul Betts, investment manager at SYIF said “Our investment in WPS demonstrates our confidence in the Management Team and the company’s ability to grow the business, which will be helped as the economy strengthens. They are well positioned to capitalise as things improve.”
James Bullock, partner at Irwin Mitchell’s corporate team, who advised SYIF on the investment, said: “It’s extremely encouraging that following uncertain economic times there are businesses out there that are pushing forward with plans for growth.
“It is a strong testament to the attitude of business leaders in the region that the Corporate team at Irwin Mitchell has seen a good number of deals and investments this year despite the current conditions.”
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About South Yorkshire Investment Fund
South Yorkshire Investment Fund provided seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
Created as part of the Objective 1 programme, the Fund is a private and public sector business finance provider. The European Regional Development Fund and Yorkshire Forward are investors in the Fund.
South Yorkshire Investment Fund also provided access to Business Angel investments from the Yorkshire Association of Business Angels and Microloans through BiG Business Loan Fund and Donbac Microloan Fund.
Finance Yorkshire has now taken on responsibility for providing gap finance in Yorkshire and the Humber.
For further details please contact Suzanne Tinkler, on 0845 649 0000.
South Yorkshire Investment Fund Ltd is a company limited by guarantee (Registered No 3936065). South Yorkshire Investment Fund comprises three sub funds, the South Yorkshire Investment Capital Fund, the South Yorkshire Investment Development Fund, which are each managed by YFM Venture Finance Limited, and the South Yorkshire Investment Small Business Fund, which is managed by Finance South Yorkshire Ltd. YFM Venture Finance Limited (Tel 0113 294 5000) and Finance South Yorkshire Ltd (Tel 01709 386 377) are each authorised and regulated by the Financial Services Authority. South Yorkshire Investment Fund also provides a number of services, which are not regulated by The Financial Services Authority. These include the pilot Seedcorn Fund, BiG Business Loan Fund, Mentorbank and access to the Donbac Microloan Fund. BiG Business Loan Fund is managed by Donbac Ltd (company registration No. 01925556) and Key Fund Yorkshire Ltd (Tel 0114 242 8900).