Close Brothers Asset Finance has funded a cutting edge XL75-5+L Heidelberg press for long-standing customer, Richline Graphics, under the CBILS (Coronavirus Business Interruption Loan Scheme) scheme.
Established in 1993, Richline Graphics is a traditional commercial printer based in the heart of South East London.
Ryan Coughlan Area Sales Manager at Close Brothers Asset Finance’s Print division said: “We’ve been working with Richline Graphics for a long time and during that period we’ve established a strong commercial relationship, and we are delighted to fund this essential piece of kit, agreeing a deal that will keep payments affordable, which is particularly important given how hard businesses have been hit this past year.
“I would also like to thank Exel Printing Machinery who supplied the machine and were – as always – responsive, helpful and professional throughout.
“It’s genuinely encouraging for the print and packaging sector that firms are still investing and looking to grow and expand even in this difficult time, and as a funder with a long and proud history of supporting the industry, we are looking forward to continuing to play our part.”
Simon Russell, Director at Richline Graphics, added: “The newer, faster press will enable us to compete and win business that is currently beyond our reach. The XL will make us more competitive on the multi makeready and longer run projects we are being offered.
“Having won a couple of major new contracts, we are expecting to hopefully exceed pre-Covid levels of trade, but in order to do that we needed this new machine. I’m always reassured by having Close Brothers Asset Finance on board as our funding partner because of their ability to put together flexible, bespoke deals that work for us both now and in the future.”