LABEL MANUFACTURER GROWS WITH L LOYDS BANK BACKING

21st Nov 2016  South West
Pictured (L-R): Tim Fountain, Harkwell Labels; Jeremy Elliot, Lloyds Bank Commercial Banking and Steve Mountain, Lloyds Bank Commercial FinancePoole-based manufacturer Harkwell Labels has doubled production capacity and created jobs after securing funding from Lloyds Bank Commercial Banking.
The company has bought new equipment to double the capacity of its production process in a move that has also created six jobs.
It has recently moved to purpose-built headquarters on Aston Way. At 17,500 sq ft, the business now has four times more factory space than it had at its previous site on Vantage Way.
Harkwell Labels required larger space to improve its efficiency and introduce new machinery to increase production speed and capacity. Lloyds Bank's commercial finance team was able to provide a £900,000 hire purchase facility.
Tim Fountain, managing director at Harkwell Labels, said: "With the recent move to our new headquarters, we've entered an exciting new chapter of growth. We're looking forward to building on this momentum with the arrival of our new team members, alongside increasing production capacity."
Steve Mountain, regional manager at Lloyds Bank Commercial Finance, added: "The new equipment has given Harkwell Labels the chance to expand its business and up its productivity allowing them to boost sales in the coming year."
Harkwell Labels has a turnover of £2.3m and employs 22 members of staff following the recent appointments.
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