Business Growth Fund invests £10m in York Mailing Limited
Major funding of specialist printing company set to deliver technological and financial growth
Yorkshire-based printing production company York Mailing Limited has secured a £10m investment from The Business Growth Fund (BGF) in return for a minority shareholding. Founded in 1999, York Mailing Limited, a subsidiary of the York Mailing Group, specialises in the production of retail flyers, media inserts and catalogues and claims to be the market leader in its field. The York-based printing specialist says the investment will enable the development of its art printing presses, increasing production output for clients such as Marks & Spencer and Tesco. It also plans to use the funding to pursue potential acquisitions and investment targets. The investment follows a series of achievements for the printing production company. Having hit an annual turnover of £75m the business was recognised in the 2013 Sunday Times Virgin International Track for the second time.
Established in 2011, the Business Growth Fund’s investment in York Mailing marks a total of approximately £150m invested into UK businesses so far, with £10m investment into bathroom retailer Better Bathrooms announced last week.
Chief executive officer of York Mailing, Chris Ingram commented on the investment: “Any expansion programme requires a level of financial flexibility and we needed an additional partner who could support us in this effort by providing not only the requisite growth capital, but who would work alongside us as a partner over the long term. “BGF offered us this relationship and we look forward to working with them in the future.” Richard Taylor of the Business Growth Fund added: “You really only have to look at York Mailing’s excellent and long-standing client base to gain an understanding of the company’s capability in delivering high quality printing campaigns and we look forward to supporting the company in these exciting times of growth and expansion.”