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Enterprise

Print firm Design Xpress receives six-figure funding boost as it eyes 拢1.5m turnover

The 海角视频SE funding will help the County Durham firm as it remains optimistic about growth following pandemic restrictions

Juliette Brown (left), director, Design Xpress Ltd with Sarah Thorpe, regional manager at 海角视频SE.(Image: Supplied by 海角视频SE)

Print company Design Xpress Ltd has received a six-figure funding boost as it hopes to reach £1.5m turnover.

The Consett-based firm - a large format printer offering items such as posters, banners and signage - has secured the boost from 海角视频SE, the the Tata Steel business-support subsidiary. Growth plans are in place for the firm, which supplies global print management companies, the public sector and small businesses.

Director Juliette Brown, who founded the company in 1995, said: "The past two years have been difficult as they have for so many businesses. Demand from the hospitality and events sector disappeared during lockdown but we didn’t close down and remained optimistic about recovery.

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"Our work with other sectors such as pharmaceutical, financial, manufacturing and the public sector helped us through. Working with major print management companies involves us with national names such as Nestle, Hilton Hotels, Pfizer and Volvo. We also won some work connected with the pandemic including adhesive footprints for floors to ensure safe routes through public buildings."

Over the last two years Design Xpress has invested new machinery and LED technology, and the firm's 10-strong team is expected to grow in the near future with new administration and sales roles. Ms Brown added: "We did everything we could to make sure we were prepared for the first opportunity to boost growth again. Like many others we were looking for financial support through a hard time and our best decision was to go back to 海角视频SE, who helped us with funding in 2015.

"We had an existing relationship and they knew the business well. They have provided the interest rate and flexibility we needed to re-structure and support our three-year growth plan. We are now back to pre-Covid levels of business and in the best place to move towards a planned £1.5m turnover."

Sarah Thorpe, regional manager for 海角视频SE, said: "We already had an established relationship with Juliette and her management team through our previous investment. Design Xpress is in a strong position with a reputation for quality, value and innovation and a sound growth plan. We are pleased to back the company with this second investment, supported by the government-backed Recovery Loan Scheme."