Printing presses on as family-run business secures bounce back loan
Family-run business, Media & More, specialists in printing, branded workwear and website design, has secured a £35,000 Bounce Back Loan from Santander UK. Based in Reigate, Surrey, the business will use the funding to increase its service offering – including shop front signage and vehicle sign writing and increase its workforce to meet growing demand.
Media & More was established in March 2018 by Ruben and Natalia Burton, with Ruben’s brother Jamie Burton joining the business in January 2019 – it now employs a team of eight in total. Providing services for both personal and business customers, Media & More has built a strong customer base over a short period of time, having completed work for notable local businesses including Surrey Lifestyle Management and Stone & Tile Restoration.
Media & More experienced a decline in demand as Covid-enforced closures hit UK businesses, but since reopening on 4 July, the team has developed big plans to increase its service offering, and hopes to hire two more staff before the end of the year. It’s expected that the funding package will enable the team to increase its revenue by £100k by the end of 2020.
Ruben Burton, owner, Media & More, said: “We have had to tighten the purse strings but with some careful planning and help from Santander we should find ourselves firing on all cylinders again in the not too distant future.”
David Shaw, business banking manager, Santander UK, commented: “While the spread of coronavirus has been difficult for businesses across the UK, Media & More has pressed on with important changes. We are delighted to support the business in this endeavour and look forward to helping the business build on its strong growth trajectory.”
Santander UK is hosting a series of free ‘Survive and Revive’ webinars for SMEs on how to bolster their business proposition. Covering a range of topics – from innovating effectively to aligning purpose and culture – our experts delve into some of the ways in which businesses have adjusted, and thrived, since the outbreak of coronavirus. You can find these webinars and a list of other helpful resources on our website: http://www.santanderbreakthrough.co.uk/coronavirus