New style finance for print companies
Richmond Capital Partners has introduced a new service called Contour Business Finance for the print sector. Its aim is to provide funding support for mergers and acquisitions, MBO’s, property, working capital and for investment in plant and machinery.
The company specialises in ‘tailored money’ which clearly identifies the aim of making available funding in line with printers individual needs and is available for a range of services including: hire purchase, operating lease, finance lease, commercial property mortgages, factoring and confidential invoice discounting (CID), capital release schemes and asset refinancing as well as finance for mergers and acquisitions, MBO’s and MBI’s.
“We have witnessed at first hand how badly the banks have been - and still are - treating printing businesses in general. We are increasingly being asked where printers can find capital to expand their businesses or deal with problems with their bank. We are not talking about failing firms here but strong businesses. So we decided we are going to do something about it to help the industry,” said Richmond Capital Partners chief executive Paul Holohan.
The Contour Business Finance service, which is headed by Kevin Barron, dovetails with Richmond Capital Partners’ existing services to provide wide-ranging advice on all aspects of business, as well as their core activities of mergers and acquisitions, joint ventures and strategic alliances.
“SME’s are the life blood necessary to energise the nation’s recovery from its present economic ills,” said Holohan. “Lack of finance from the traditional banks is stifling recovery and preventing good businesses from progressing. This is a major failing and the government must - I repeat must - force the banks to stimulate enterprise by making investment finance available. In the meantime Richmond Capital Partners is doing its bit to help with its new Contour Business Finance service.”