Liverpool business, The Printroom UK secures £1.3mn Metro Bank financing

Liverpool based printing business, The Printroom UK has received £1.3mn in business banking support from Metro Bank. The lending facility is made up of £500k of invoice finance and £825k of asset finance for the business to purchase a new digital printer. The package also includes Metro Bank’s business credit card and an overdraft.

The well-established business is based in Sefton and has been serving local businesses and universities with their printing needs for over two decades. The asset finance facility means they can upgrade their printer while continuing to serve the local businesses of Liverpool and further afield. Utilising invoice finance will allow them to navigate late or delayed payments without negatively affecting cashflow.

John Sheridan, director at The Printroom UK commented: “The Printroom UK has built a strong reputation for delivering high-quality printing materials to a diverse range of clients including restaurants, universities, and other local businesses.  Our commitment to quality has always been at the heart of our success.  After two decades in business, we wanted to expand our capabilities and invest in the future by investing in a new printing press. Metro Bank’s Asset Finance solution enabled us to upgrade our machinery and, most importantly, solidify our commitment to our current site in Sefton for many years to come.  This investment is a significant step in the continued expansion of our business, and we look forward to supporting even more clients in the Liverpool City Region.”

Gary Owens, Liverpool local director at Metro Bank added: “The Print Room is a thriving local business. I’m so glad I was able to speak to them about the benefits asset finance and invoice finance could bring to their business model. I love meeting new and prospective clients across Liverpool and the wider city region and I’m really happy with how this has turned out.”