A Swindon commercial and personalised printing and e-commerce fulfilment company has secured £1m of funding from the Coronavirus Business Interruption Loan Scheme (CBILS) as part of wider bespoke funding package from Barclays.
Established in 1998 and headquartered at Millbuck Close, Elgin Drive, Swindon, ESP Colour Limited will use the injection of cash to help cover working capital requirements during the Covid-19 pandemic, whilst putting in place enhanced offerings and services in readiness of resuming normal levels of production as lockdown restrictions ease. The company, which employs 140 staff, has continued operating with a reduced workforce throughout the crisis to fulfil their client order book and used their time proactively to overall improve the business and offering to customers.
The business provides services such as e-commerce fulfilment, commercial print production, personalised products and in-house software development for personalised products.
Simon Smogur, Group Managing Director at ESP Colour Ltd, said: “The new funding package from Barclays will enable us to trade out of the current Covid-19 crisis and implement our future growth strategy. We remain committed to working in partnership with our clients, by providing exceptional client care, expertise and products that are second to none. This injection of capital will allow us to build on our strength and success of the business now and in the future. Barclays were fantastic and the relationship Nicola has helped build between ESP and Barclays, was vital in the success in our CBILS application.”
The funding package was put in place by Barclays Relationship Director, Nicola Atkinson, Swindon. She said: “It is important to us to work closely with our clients during challenging times such as these as well as provide financial solutions to support future growth ambitions. I’m pleased that we’ve been able to back an innovative company with a strong management team in this way and wish them every success in the future.”