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Funding a new Komori GL29 press for RAP Spiderweb utilising CBILS

Close Brothers Asset Finance has funded the purchase of a new Komori GL29 press for RAP Spiderweb - one of Greater Manchester's longest-established commercial printers - using the Coronavirus Business Interruption Loan Scheme (CBILS).

“RAP Spiderweb has been a Close Brothers Asset Finance customer for nearly 15 years,” said Joe Hall, Relationship Manager for Close Brothers Asset Finance’s Print team. “We’ve previously helped fund a management buy-out in 2017 and have been part of their investment plans ever since.

“This new Komori machine saves a minimum of 30 minutes per job in ‘make ready’ time and has already had a significant impact on reducing the number of waste sheets.

“Having worked with RAP Spiderweb for a long time, we see it as part of our responsibility towards our customers to support them in making the types of investments that will see them continue to grow and thrive, regardless of the economic climate.”

James Tattum, Director of RAP Spiderweb, added: “This is a significant investment for us, which comes on top of the ISO 14001 and 2001 certifications for quality and data security certifications we achieved earlier in the year.

“The machine bring a capacity and capability to the business we didn’t have before. Not only are we now faster and more efficient, we’re delighted there will be no more expensive manufacturer service contracts to adhere to.”

Steve Turner, Managing Director of Komori UK: “RAP Spiderweb has invested in its first ever Komori Press – choosing the highly automated GL 29 + Coater, equipped with fully automatic plate mounting, PDC -SG closed loop spectrophotometer and in line coating. With a maximum speed of 16,500 sheets per hour this is a very efficient machine, perfectly suited to the high quality, fast turnaround environment that RAP Spiderweb operates in.

“The drive and enthusiasm the directors have for their business is infectious and we are very much looking forward to a happy and successful working partnership.”

 

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of, and with the financial backing of the Secretary of State for Business, Energy and industrial Strategy (BEIS). Full details on CBILS and the list of participating CBILS Lenders can be found on the British Business Bank website at: www.british-business-bank.co.uk/CBILS