Manchester printing company presses forward with growth plans following £2.42m investment
Manchester based Browns Print, one of the UK’s largest print manufacturers, is set to increase efficiency and production capabilities thanks to £2.42M of asset financing from Lloyds Bank.
The business specialises in providing high quality colour sales brochures, and it works with a wide selection of customers including large end user, trade print, and blue-chip companies. Alongside its products, the business also offers an extensive range of specialist print finishing solutions, to ensure a top-quality final product.
Browns Print was looking to invest in a replacement printing press to increase capacity within the business and lower its energy consumption. It approached Lloyds Bank and secured a £2.42m hire purchase loan that was used to acquire a state-of-the-art printing machine.
By implementing the new technology, the firm now prints more efficiently, uses less energy, and produces less waste than before. The new machine produces sheets of paper 35% faster than the previous printer, saving several million sheets over the course of a year. It also uses ‘push to stop’ technology, an automated system that monitors the printing process in real-time to optimise printing speeds and quality.
As part of its larger sustainability offering, Browns Print has also invested in 444 solar panels capable of generating 200 kilowatts an hour and recycles over 1,000 tonnes of wastepaper each year. It has also recently installed a voltage optimiser, so that equipment can operate more efficiently, with less energy waste and lower operating costs.
Increasing print capacity has also given the business more opportunity to grow, and it has recently hired ten more employees bringing the total headcount to 80. In the future, the £11.5m turnover business is hoping to continue to grow its revenues and capacity, and its goal is to become a carbon neutral business by 2028.
Tim Guest, chairman at Browns Print Ltd, said: “When our business was in need of a new printing press, we knew we wanted to purchase a machine that would help us to stay competitive and operate more sustainably. The investment from Lloyds Bank allowed us to do that, providing our customers with high-quality products, while increasing efficiency and reducing energy usage.
“We’re pleased to have had Lloyds Bank by our side for the last seven years and look forward to working with them in the future as we continue to grow and advance the business.”
Angela Parry, Associate Director, Lloyds Bank Asset Finance, said: “At Lloyds Bank we offer businesses a full range of asset funding options. For print manufacturers like Browns, using this financing to invest in cutting-edge equipment and technologies has helped it to stay competitive in the sector, and ultimately improve business growth.”
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