A leading Leicester-based printing firm is targeting new business following agreement on a new six-figure funding package with Yorkshire Bank.
Established in 1972, Lithgo Press is a privately owned lithographic and digital print company and serves a wide range of blue-chip customers across the UK.
The firm, which employs 25 staff, specialises in luxury brochure printing on a huge variety of materials, from fine gloss and silk papers to uncoated papers and boards.
The new funding package from Yorkshire Bank has enabled Lithgo to invest in a state-of-the-art Komori Lithrone ultraviolet printer which will deliver a number of benefits for the business.
The firm is one of the first in the UK to install the technology and, as well as providing excellent print quality, it will enable Lithgo to increase efficiency and dramatically improve turnaround time for customers.
The new investment has also led to the company recruiting two new employees, a sales manager and a specialist printer.
The deal was facilitated by Steve Fox, Asset Finance Manager, and Cathy Horner, Relationship Manager at Yorkshire Bank’s Business and Private Banking Centre in Leicester.
Yorkshire Bank have supported the company’s investment in major machinery for more than 20 years and earlier this year took on responsibility for all Lithgo’s banking.
Mike Atkinson, Managing Director of Lithgo Press, commented: “This new printing technology offers a huge range of benefits, particularly in terms of our ability to enhance the quality and efficiency of the service we provide for our customers and to target new business.
“Yorkshire Bank have consistently supported us as we have looked to invest in the company over a number of years and, in that time, we’ve built up an excellent relationship with Steve Fox who really has become like another member of our team in that time.
“When we reviewed our funding arrangements and decided it was time for a change, it made perfect sense to move our full banking to Yorkshire Bank.”
Cathy Horner, Relationship Manager at Yorkshire Bank, said: “Lithgo Press have established an excellent customer portfolio and a reputation for taking an innovative approach to the printing sector and that’s demonstrated again by the installation of this new technology which will clearly enhance their customer offering.
“We look forward to continuing to support Mike and his team as they further develop their plans for the business.”