BPE Signs, based in Bournemouth, are expecting ten-fold growth over the next four years which would see them reach a milestone with a turnover of £10 million, this is in part thanks to the help and support of Bibby Financial Services.
The sign maker was established in 1952 and manufactures internal and external signage as well as banners, posters and shop fronts for clients all across the UK. Some of the high profile companies they work with include fast food outlet KFC and clothing retailer French Connection.
The company has recently made investments into green technology which means it can offer signage made from recycled plastic bottles. Employing 10 staff, the company does a large amount of its work using digital technology.
In 2014, BPE Signs began working with Bibby Financial Services to help fund expansion. Bibby Financial Services assisted with an invoice discounting facility which enabled BPE Signs to win new business with Bourne Leisure who are the owners of Haven Holidays and Butlins holiday camps.
Able to grow
Chairman of BPE signs, Andrew Ballington-James said: “Without invoice discounting from Bibby Financial Services we wouldn’t be able to grow our company. Our suppliers are more than happy to work with us once they know we have funding in place, as they are confident their invoices will be paid. This means we can reduce costs because suppliers offer us better prices, which increases our bottom line, so we can buy high quality products and offer our clients a better service.
“An increase in profits has meant that we have started to invest in the business already. All our jobs are now completed digitally which makes the signs quicker to create, and we can also manufacture signs from recycled material. This is particularly in demand as many clients want to improve their green credentials.”
Employing more staff
The company now plans to employ more staff as their order book grows, and a second factory is due to open within the next 12 months.
If you’re a business owner and you’re looking for funding to expand your business feel free to contact us today. You’ll be reassured to hear that we currently handle in excess of £4.9 billion in client turnover and provide cashflow funding to over 7,000 businesses, in over 300 industry sectors.
For more information about Bibby Financial Services’ cashflow solutions, visit: Bibby Financial Services or call 0800 91 95 92.