Streamline Press secures funding to support growth strategy
Streamline Press has secured £250,000 funding from MEIF Maven East & South East Midlands Debt Finance, managed by Maven Capital Partners. This funding will support the implementation of Streamline Press’ profit improvement and growth strategy.
Streamline Press is a leading commercial printer with a diverse range of services split across two sites in Leicester. The company produces litho, digital and large format print, with extensive in-house print finishing and mailing capabilities.
This funding will enable the company to ensure it stays market relevant by increasing its ability to innovate, improve production capability, expand its operations team and support its overall growth strategy.
Mark Lockley, Streamline Press, Richard Altoft, Maven and Richard Smith, also of Streamline Press.
The management team has considerable industry experience and is led by managing director Mark Lockley, with numerous years’ experience running independent businesses. Mark acquired Streamline in 2013 and has nearly two decades experience in the print market. He is supported by sales director Richard Smith, who himself has 27 years experience in print and joined Streamline in 2001. Steadily rising through the ranks, Richard joined the board and invested alongside Mark in 2016.
Mark said, ‘We are thrilled to receive funding from MEIF Maven Debt Finance. Our company is much more than print, with knowledgeable, experienced people who have spent their working lives in the world of print – we are passionate about ensuring that they continue to grow with us on this journey. The funding will help us to achieve just that, enabling us to improve profits, grow the business and realise our full potential.’
Richard Altoft, investment director at Maven, said: ‘This is an exciting opportunity to lend to an established and growing business with a strong management team. The deal will enable Streamline Press to grow the business. We are delighted to support the company’s growth plans and continue to contribute to economic development in the East and South East Midlands.’