Printing.com is considering a second flotation to fund continuing expansion, despite showing operating losses for this year.

The Manchester-based group announced its first full year results last week, with losses of 1.13m on sales of 3.85m.

Printing.com floated on the OFEX market last summer, raising 1.88 million.

It has opened 12 stores over the past year, including a flagship store in Londons Baker Street, bringing its total number of outlets to 14.

We have seen a massive growth in store sales, with each store pulling in an average of 193,000 well above the industry norm.

Many printers nowadays are finding the work but losing the margin but were gaining the margin, said chief executive Tony Rafferty.

He added that the group would now have a pause while it waited for the new stores to generate more cash. The group anticipates that the UK could support between 75 and 100 printing.com stores.

Even in these terrible market conditions we have recently raised 312,000 including 25,000 from chairman George Hardie a further commitment to our expansion, said Rafferty.