Intoprint move in to new premises after SYIF loan
Pictured (left to right): Richard Lax and Bob Lax co-Directors of Intoprint, Alan Scott of Business Link Yorkshire, Grahame Lunt from South Yorkshire Investment Fund.
A South Yorkshire printing company has grown from the front room of a Rotherham home to a 13,000 square foot site in Sheffield.
Intoprint, which produces a range of printing services, was founded in 1992 by Richard Lax, using his parent's house in Barnsley Road, Thorpe Hesley, as his headquarters.
Since this humble beginning, the company has grown year on year and recently moved to their new location in Ecclesfield after gaining a £60,000 loan from South Yorkshire Investment Fund.
Bob Lax, Richard's father and co-Director of Intoprint, said: "Richard set up the business from our house. We installed a printing press and everything. We even had to strengthen the floorboards to cope with the weight of the press!
"It was quite bizarre and not very practical. Soon though we secured more suitable premises and moved out of the house.
"Since then we have grown year on year. We are constantly expanding, with increased business, staff numbers and turnover. We outgrew our premises in Rotherham and needed to move to a much larger location, which is just the other side of the M1 from the house we started out in.
"Our new base is over five-times bigger than our last location and meets our expectations of continual growth and expansion in the future.
"The move to our new location has coincided with the business achieving a £1 million turnover for the first time and our team growing to 22 employees.
"The relocation would not have happened without the financial backing of SYIF. Their supported is greatly appreciated, as without them we would have been stuck in premises we had outgrown."
Intoprint were introduced to SYIF by Alan Scott from Business Link Yorkshire.
Grahame Lunt, SYIF's Investment Manager, says: "The relocation of Intoprint shows just how far they have come as a business. To have moved from a Rotherham house to a sizeable base such as the one in Ecclesfield in little over a decade is a great achievement."
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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).