Superior, the fast-growing Wiltshire design, print and fulfilment group, has secured a £1m investment from its long-term bankers Barclays to support further expansion.
The funding comes a year after Barclays supplied £2m to fund a purpose-built design studio and increase printing capacity at Superior’s Melksham headquarters.
Superior, which has doubled its turnover to £15m in less than 10 years, will use the additional funding to extend its premises and buy more hi-tech equipment to meet rising demand for its services. The firm has recently added Sainsbury’s and Heineken UK to its roster of high-profile clients and has a growing order book.
Managing director Ian O’Connor said: “Barclays has helped us every step of the way. We have a longstanding and strong relationship with Barclays and I’m delighted by the fact they are prepared to lend funds to support Superior’s continued growth and expansion plans.”
The £2m investment programme funded by Barclays last year created a modern working environment and studio which brought together Superior’s team of more than 30 account handlers, designers and art workers under one roof.
Barclays relationship director Philip Walker added: “Superior has a strong management team and exciting growth strategy in place and clearly understands the market it is operating in. It is important that Barclays continue to demonstrate its appetite to provide funding solutions to quality businesses such as this in the region.”
