The £335,000 loan facility was arranged by Robin Richards, relationship director for Barclays Corporate in Manchester and Sarah Pickering of Barclays Asset Finance and is another example of Barclays’ appetite to provide funding to quality businesses in the region.
Windmill Tapes is a family run business established in 1980, specialising in printed labels, digital labels, plain labels and printed tape. Currently employing 50 people, the firm’s growth has been supported by significant investment in plant and machinery.
They currently have 30 presses with the capability to print up to 8 colours, with a monthly output exceeding 140,000 rolls and tens of millions of printed labels.
Andrew Southern, managing director of Windmill Tapes, commented: “We are genuinely excited by the prospects for growth in our business which is why we continue to invest in new machinery like this new printer. We partner with Barclays for all our asset and working capital finance and find Robin Richards and the whole team very supportive.
“Whilst this recent investment came a bit sooner than originally planned we feel that the current lending climate remains positive and enables us to continue to grow our label business.”
Robin Richards, relationship director for Barclays Corporate in Manchester, added: “Windmill has proven resilient through the cycle and this is testament to their business model and the quality of the management team. The new machine will be crucial to help them deliver for their customers and continue on their successful growth journey.”