Media & More eyeing growth with Bounce Back Loan
Wednesday, September 9, 2020
Design and print agency Media & More is aiming to expand its services, workforce and turnover after securing a £35,000 Bounce Back Loan from Santander UK.
The Reigate, Surrey-based family-run business, which specialises in website design and branded workwear and also outsources print services including business cards, leaflets, brochures and banners, said the funding package has enabled it to consolidate all of its debts into one loan to improve its cashflow situation.
The firm's immediate plans include increasing its workforce to meet growing demand and enhancing its shop-front signage.
The business was established in March 2018 by Ruben and Natalia Burton, with Ruben’s brother Jamie Burton joining the business in January 2019.
It now employs a team of seven people and is hoping to take on two more sales staff in the next six months. At the start of the coronavirus pandemic it furloughed all of its staff apart from one director after it experienced a decline in demand.
The Bounce Back Loan, a government initiative aimed at supporting small and medium-sized businesses, is expected to enable Media & More to increase its current circa-£500,000 revenue by £100,000 by the end of 2020.
Owner Ruben Burton said: “We have had to tighten the purse strings but with some careful planning and help from Santander we should find ourselves firing on all cylinders again in the not too distant future.”
Providing both B2B and B2C services, Media & More works with a range of SMEs, “from schools to builders and everything in between”.