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April 3, 2019

Aldermore provides funding for £530k printing asset

Aldermore has funded printing machinery worth £530k for Lancashire-based printing business Sturdy Print.

By Christopher Marchant

Aldermore has funded printing machinery worth £530k for Lancashire-based printing business Sturdy Print.

The business, established in 1973 and owned by three brothers, has an annual turnover of £3m and employs 35 staff. The company offers day-to-day printing services, as well as providing B2B services.

The facility from Aldermore has supposedly resulted in productivity at Sturdy Print increasing by 300% and has supported the firm’s continued growth and increasing customer demands.

Sean Thorn, business development manager at Aldermore, said: “This equipment at a cost of £530,000 is a significant purchase for Sturdy Print but will make their business work much more efficiently. It is always encouraging to see family-run businesses flourishing and we’re delighted Aldermore is able to support Sturdy Print in achieving their business goals.”

Stewart Sturdy, co-owner and financial director of Sturdy Print, said: “We realised a number of years ago that to survive as a business we needed to be able to provide more than the traditional Litho-printing service. Over the years we’ve gradually improved the size and productivity of the machinery that we own, to meet the increasing demand for B2B printing services – but that machinery isn’t cheap.

“We approached our financial adviser for his recommendations and he put us in touch with Aldermore, who delivered on everything we were looking for. It is so rare to work with a lender who understands the complexities of our industry and can see the long-term value in the equipment we need.”

Last November Aldermore Bank launched an online Dealer Portal.

The fully-mobile portal aims to improve the service that it provides to small businesses by simplifying the relationship between lending partners and customers. Now available via the Aldermore website, the portal enables Aldermore’s dealers to manage their asset finance portfolio online using document generation and electronic signature capabilities to provide a fully paperless end-to-end process.

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