Invoice discounting case studies
Case study 4: Banbury Litho
Banbury Litho Ltd has enjoyed more than two decades in business. Over the years the business has grown steadily, expanding its premises in a modern industrial estate in Banbury.
They provide a complete printing service from plate making, through printing, and hand finishing. One of their key business rules has been to stay up-to-date with new technology, and stay ahead of their competitors. This need for new equipment is a drain on resources, and their initial reason for approaching Lloyds TSB Commercial Finance came in 1991 when they purchased a Heidelberg printing press.
At the start of the relationship we provided factoring services. Twelve months later the business had grown further and expressed an interest in our confidential invoice discounting service, which they have enjoyed ever since. Lloyds TSB Commercial Finance currently provide them with up to 85% against their unpaid invoices within 24 hours of their raising them.
Gaynor Sessions at Lloyds TSB Commercial Finance commented, "Banbury Litho's turnover has steadily increased to £3.2m, we are proud to be associated with their twenty years in business, and look forward to continuing to support their ongoing financial needs. "
Mark Wise, Managing Director of Banbury Litho, said: "The ongoing support Lloyds TSB Commercial Finance provides has been a key factor in the growth and success of Banbury Litho Ltd in a very competitive market place. "
Lloyds TSB Commercial Finance currently help more than 370 businesses operating in the printing industry. We know how to structure finance to suit your individual needs.
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