Payslip firm to float on PLUS

The firm behind self-seal payslip production plans a major expansion into Europe and the US after listing on the PLUS stock exchange.

Shares in Mastermailer, which has a 10-year print deal with Document Management Solutions in Caerphilly, South Wales, began trading on the exchange this month.

Mastermailer finance director Christopher Sandison said: "We will use this money [from the share placement] to expand into Europe, and already have people in Germany and France. We expect to expand into the US next year."

The group's flagship product is the laser-printable Mastermailer, a mailer that combines an A4 sized letterhead with an envelope on one self-sealed form.