The UK’s leading supplier of property ‘for sale’ signs Kremer Signs is set to grow by a third this year after investing £1.5m in new premises to accommodate its ongoing expansion, with support from Lloyds Bank.
The new site in Hambridge Lane houses Kremer’s head office and digital print centre, and is 45% bigger than Kremer’s previous home at Greenham Business Park.
The move has seen a total £1.45m investment, including buying and refurbishing the building, a new design studio and warehousing, as well as the creation of five new jobs.
Co-founder and joint managing director, Steve Gosney commented: “We needed the room to expand the business. We were also renting our previous premises and we wanted to own.
“Automating the digital printing arm of the business is leading our expansion. It is a quicker and more cost effective way of printing signs that also allows us to be a lot more creative with our designs.
“The extra room means we will be able to install a fourth digital production line in early 2015, which will mean a further £400,000 investment, again supported by Lloyds Bank, and will create another five new jobs.
“Our profile in the industry has been boosted by a couple of recent award wins which has helped us to continue growing our market share.
“We have banked with Lloyds ever since we were founded and they have always been exceptionally helpful and given us their full support.”
Turnover is expected to grow from £4m last year to £6m in the current period as Kremer continues to grow its market share.
The new site was funded with the support of a business loan from Lloyds Bank Commercial Banking and the extra space means Kremer will be able to install another new production line in the New Year.
Kremer Signs, which was founded in 1985 and has 35 staff, designs, prints, manufactures and installs advertising boards for estate agents across the country from its headquarters in Newbury, Berkshire and sites in Sleaford in Lincolnshire and Bristol.
Steve Cox, Relationship Director, Central England, SME Banking, Lloyds Bank Commercial Banking, said: “We work closely with our customers to ensure we are able to offer support and guidance specific to their needs, so that they are able to take advantage of growth opportunities as and when they arise.
“It is great to see a home-grown business succeeding and benefiting the local economy by creating jobs.
“Kremer has seen consistent growth, even during the downturn, and it is rewarding to have been able to support the business it as it enters the next chapter of its story.”