Advertising display and POS specialist Retail Print Solutions has completed a £2m summer investment drive that has seen it replace existing machinery with a fleet of new kit.
Over the past four months the Leicester-based firm has taken delivery of equipment including two Durst machines – a Rho 312 and a P10 200 HS, three Blackman & White cutters and a CCM Premier 137 guillotine. The business has also just opened a new sales office in London.
The Durst printers replaced two EFI Vuteks, the Blackman & White machinery replaced Zünd and Esko Kongsberg cutters and the CCM Premier 137, which was supplied by Terry Cooper Services (TCS), replaced a Schneider Senator guillotine. All of the outgoing equipment was sold on.
Retail Print Solutions managing director Kevin Boyle anticipates the company’s turnover will triple from around £5m to £15m in the next three to five years.
“We’ve got further investment plans too – we’re looking at getting a laser cutter and a SwissQprint flatbed machine is coming our way as well.”
The business currently operates from a 1,950sqm facility but it is actively looking for premises around four times the size to accommodate its continued expansion.
“Our growth is pretty big at the moment, our turnover has doubled month-on-month,” said Boyle.
“We kind of expected that because it’s our busy period anyway – all we’re doing is opening up capacity so we can accept more work. We’ve always had the offer of work but we just had to do what we could manage at the time.”
He added: “The investment was a calculated risk for a company of our size, but we’ve never looked back and the orders are starting to rush in now and we don’t have to turn them away.”
Retail Print Solutions has 40 staff – up from 22 at the start of 2017 – and plans to take on 15 more people in the next three months. The company works for clients including Aston Martin, Dyson, Pandora, Chanel, Microsoft, Tesco and Costa.
POS work currently accounts for more than 90% of the firm’s turnover but that is likely to drop to around 60% as it expands into other areas such as exhibition, signage, retail and fabric graphics, particularly for backlit graphics.