Harkwell’s print team has restructured its existing finance facilities, opening the door for the firm to achieve its aim of entering the packaging and pouches market.
The new Hire Purchase facility has provided Poole-based Harkwell, who specialise in digital label production, with monthly savings and a cash boost to fund its push into new markets.
Daisy Price, area sales manager at Close Brothers Asset Finance’s print division, said, ‘Restructuring finance facilities is a really effective way for firms to both save money and free up cash to invest in their businesses, our own research tells us 76% of print and packaging enterprises plan to seek funding for investment in 2024.
‘We worked closely with the team at Harkwell to understand what they wanted to achieve and offered them a solution we felt would suit them.’
Andrew Mansfield, managing director at Harkwell, added, ‘We have been wanting to enter the packaging and pouches market for a while now, and I’m really pleased the financial restructure has allowed us to do just that.
‘I’m really pleased to have Close Brothers Asset Finance on board as our funder because with their personal approach and long history in print and packaging, we know we’re in good hands. They made every effort to make things as straightforward and simple as possible, structuring the deal to suit us.’
