Case Study: Long-term vision for growth enabled by new printers

Trust and loyalty are the hallmark of any good funding partnership, with support provided throughout the economic cycle.

Despite many of their competitors struggling to adjust to changing demands, our long-standing customer was going from strength-to-strength, this is how the Print team at Close Brothers Asset Finance helped them grow.

Customer background

Our customer is an independent book and journal printer, supplying high quality products across the UK and servicing many hundreds of their customers by printing major publications for them.

They have been investing heavily over the last few years, including through acquisition.

Opportunity

Our customer wanted to purchase two new large-format presses that would allow them to increase their capacity and play a key role in meeting current and future demand.

Solution

Following a series of meetings, funding was agreed for the two machines, utilising standard Hire Purchase (HP) terms.

Outcome

The two machines were delivered on time and have already made a huge difference, driving our customer to new levels of both service and delivery.

According to our customer, they bought the machines to make everyone’s lives easier and are already saving a great deal of time because they’re in the fortunate position of getting busier and busier.

They also stated that they wanted to work with a funder who understood their business and was able to react quickly, while also providing expert advice and offering deals that work for all parties, and thanked the Close Brothers Asset Finance team for their help and support.

“Given our strong working relationship, it made sense for us to work together with them on acquiring these two new presses. They knew what they wanted to achieve, and had clear goals; being their financial partner continues to be exciting, and dealing with them remains a pleasure,” said Nick Aust, Sales Director of the Print team.