Postal services success following investment
Totalpost Services plc will use a £150,000 loan from FW Capital
to support its strategy of becoming one of the UK's top complete
mailroom services suppliers.
Headquartered in Cumbria, the company will use the loan to
purchase a new production line used for recycling and refilling
franking machine cartridges as well as to complete its Warrington
disaster recovery and business continuity centre.
"Totalpost's vision is to provide a cost-effective, complete
mailroom service to companies in the US, UK and Europe," explained
David Hymers, Managing Director. "We already supply and maintain
postal and other office equipment for blue-chip companies, banks
and government departments in the UK and we now plan to enter new
markets in Europe as well as to grow our existing UK and US
Totalpost currently operates from three UK centres and also
supplies companies in more than 18 countries.
The company's disaster recovery and business continuity centres
in Warrington and Swindon offer mail sorting and opening services,
outgoing mail fulfilment, returned and 'gone away' mail, document
scanning and storage.
Totalpost also operates a mailroom services business in the US
and is currently looking to set up similar operations in France and
"Using FW Capital's investment we've taken the production of our
own label franking machine cartridges in-house and we now operate
three production lines to meet the growing demand for our
products," Hymers added. "We are also looking to set up mailroom
services operations in Germany and France."
Gary Guest, Fund Manager at FW Capital said: "Totalpost has a
clear understanding of the market potential for its products and
services. The loan from FW Capital will help the company meet the
growing demand for its products and services, which will take them
to the next stage of their growth plans."
FW Capital's investment is the second loan from the North West
Fund for Business Loans.
Andy Leach, chief executive of NWBF said: "I'm delighted that
The North West Fund for Business Loans is supporting Totalpost in
achieving its growth plans. As a North West business, active across
the UK and beyond Totalpost is reflective of the ambition of North
West businesses and entrepreneurs that The North West Fund is
hoping to support."
FW Capital currently has offices in Manchester and Liverpool and
manages the £35 million North West Fund for Business Loans which
makes investments of between £50,000 and £250,000 to viable small
and medium-sized businesses (SMEs) based in the North West of
FW Capital is part of the Finance Wales Group, one of
the UK's largest SME investment companies. The Finance Wales Group
manages funds of more than £335 million and has invested over £183
million. It invested a record £37 million in SMEs in the 2009-10
financial year through 246 equity and debt investments.
The North West Development Agency (NWDA) led the development and
creation of The North West Fund from drawing-board (2008) to launch
(2010) and NWDA funding will continue to support The North West
Fund until 2015 as one of its major legacy projects.
Find out more about investing in the North
West of England.
*The North West Fund for Business Loans has now been replaced by
The North West Fund for Loans Plus.