Maidstone, August 2009 – Gundulph Screen Printers Ltd T/A Speedscreen, the Maidstone-based print solutions company, has received a £265k finance package from asset finance provider Lombard, to purchase the latest in digital technology that will allow them to meet the demands of high profile orders.
Originally established in Chatham in 1986, Speedscreen moved to own and operate their current modern factory premises in Maidstone in 1996 to allow the company to expand and continue with producing a wide range of printing services for a much broader client base, including many Blue Chip companies. By priding themselves on being a forward thinking Company in the 21st Century, they have matched their latest technology purchase alongside this to retain their many high street retail and trade clients. The Durst Rho 800 is a 2.5m flatbed and roll to roll printer that can print on virtually any substrate up to 40mm thick, with almost unrivalled quality and speed.
Managing Director, Tim Hill, approached trusted business partner, Steve Cook, at NatWest in Thames Gateway to seek funding for this latest acquisition. By working jointly with Darren Lansley from Lombard, the bank’s asset finance team in Maidstone, they structured a £265k funding package to purchase the Durst Rho 800 presto machine, which is now fully operational and has the capability to run at a speed of 120sqm per hour which will in turn increase capacity and productivity at the Maidstone premises.
Tim Hill, Managing Director, Speedscreen Printers Ltd, commented:
"We firmly believe this is the best hybrid machine on the market, with superior build quality and
reliability. By running the printer 800 for four hours a day, we can add £750,000 to our annual
turnover, which is already an impressive £1.35m turnover business. Our thanks go to Lombard and
NatWest for working in partnership to deliver a funding package that has led to customers seeing a
better return on their investment as we can price each job more effectively."
Steve Cook, Relationship Manager, NatWest in Thames Gateway added:
"Darren at Lombard and I worked in partnership with Tim in order to gain a full appreciation of his
business aspirations. As a result, we have provided an asset finance package that will help the
business to expand as well as enhancing its brand and service offering and drive the business forward.
I wish Tim and the team well with their latest purchase and the opportunities this will create."
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For further information please contact
Zoe Martin
Media Manager, The Royal Bank of Scotland
Tel: + 44 (0) 7899 062129
Email: zoe.martin@rbs.co.uk
Notes to Editors
The Royal Bank of Scotland Group:
The RBS Group
is a large international banking and financial services company. Headquartered in Edinburgh, the Group operates
in the United Kingdom, Europe, the Americas and Asia, serving more than 40 million customers.
The Group provides a wide range of products and services to personal, commercial and large corporate
and institutional customers through its two principal subsidiaries,
The Royal Bank of Scotland and
NatWest,
as well as through a number of other well known brands including,
Citizens,
Ulster Bank,
Coutts,
Direct Line and
Churchill.
