Print firm boosted by mammoth bank loan
Glasgow-based print and signage firm SPD Design and Print Group has moved to strengthen its position in the increasingly competitive Scottish digital print market with a heavy investment in expanding its services, having secured £1.65m in funding.
Thursday, 10 Sep 2015 14:28 GMT
Family-owned SPD Design and Print Group has secured £1.65m in funding from HSBC
The family-owned company, one of Scotland’s most prominent printing, design, and signage firms, has struck a new deal with HSBC which will allow it to invest in new digital print technology, and create new jobs in response to growing demand.
Managing director of SPD Scott Winter says: “To be successful in the printing industry in Scotland, you have to invest in technology. We are at the cutting edge and the only way to remain there is to bring in the latest equipment to deliver the best services.”
To be successful in the printing industry in Scotland, you have to invest in technology”
SPD is the largest independent wide-format print business in Scotland, and has seen profits climb by 30 percent over the previous five years. The procurement of the new funding will see SPD increase its design offerings and look into trading internationally.
Area director for HSBC Corporate Banking, Colin More, comments: “SPD is at an important phase of its development.
"It is celebrating 25 years in business and has recently experienced significant growth. Our aim is to provide the financial tools and experience required to help the SPD management team realise its ambitions, whether through diversification or international trade.”
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