Pontllanfraith-based Pensord Press Ltd, one of Wales' largest independent magazine printing and digital publishing businesses, has invested for growth following 拢8 million in funding from Santander Corporate & Commercial.
The award-winning firm has bought a Heidelberg XL106 8P B1 perfecting press with 鈥楶ush to Stop鈥 technology as well as a Heidelberg Stahl TH82-P folding machine, both of which will allow the business to significantly ramp up production and become more efficient.
Established in 1969, Pensord Press operates out of a 50,000 sq ft facility specifically designed for the short-run, sheet-fed, controlled circulation magazine market. It currently prints over 350 regular publications for a large number of local and national clients. The business was recognised as UK Print Company of the Year by the BPIF in 2012 and last year was awarded PrintWeek鈥檚 Customer Service Team of The Year.
In 2010, Managing Director Darren Coxon led a management buyout with Operations Director Karl Gater. Last year, the firm acquired Cambrian Printers, another long standing Welsh print company, adding new, specialist services to the group 鈥 including high-quality, high-pagination publications 鈥 and increasing annual turnover to over 拢18 million.
The new Heidelberg press will replace two older perfecting presses, while the new Heidelberg Stahl TH82-P folder is the second folding machine installed at the plant this year. As part of the 拢8 million funding package, the firm has also moved the group鈥檚 banking relationship to Santander Corporate & Commercial.
Darren Coxon, Managing Director, Pensord Press Ltd, said:听鈥淲e are investing in the most technologically advanced equipment available in the market to become even more competitive, as well as enhancing our quality and furthering our reputation for delivering outstanding service and value to every Pensord client. Having financial partners who understand our business, and strategy, is so important and in Santander we feel we have a partner who gets where we are looking to take the business.鈥
Myrddyn Hughes, Relationship Director, Santander Corporate & Commercial, said:听鈥淲e are delighted to count Pensord Press as a client. We have worked hard to deliver a range of solutions, including invoice and asset finance, to help this great business invest for growth and meet its aspiration to become one of the UK鈥檚 most competitive printing firms.鈥
- Ends -
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
For media enquiries regarding Pensord Press Ltd please contact:
Tim Powell听听听听听 T:听029 2010 0918 / 听07939 571 553听听听听听 贰:听tim@thinkorchard.com
Media Enquiries
Lara Lipsey听听听听听 罢:听020 7756 4518听听听听听听 M:听07713 560 209听听听听听听 E:听lara.lipsey@santander.co.uk
Josephine Dencker听听听听听 T:听020 7756 4221听听听听听 M:听07529 113877听听听听听 贰:听josephine.dencker@santander.co.uk
The Santander press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 5877708.