Signlex creates six jobs with expansion

(L-R) Simon Belton of Signlex and Lloyds Bank's Evan Griffin
(L-R) Simon Belton of Signlex and Lloyds Bank's Evan Griffin
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A signage firm in Leeds has expanded into new premises after securing funding from Lloyds Bank.

Signlex has created six jobs as a result of its move to premises at Maybrook Industrial Park.

It has also created office space for up to 20 staff and a large production workshop, allowing the firm to expand its in-house manufacturing.

The expansion of the company, which is on course to grow its turnover to £2m this year, has been backed by a funding package from Lloyds Bank Commercial Banking.

Signlex produces signage for firms including Saint Gobain, Unilever and Balfour Beatty.

It has invested in machinery for the printing, cutting and laminating signs. It previously outsourced manufacture while design and project management was in-house.

Signlex was founded by managing director Simon Belton in 2007. The company saw turnover of £1.3m in 2014.

Mr Belton said: “The investment in new equipment is a huge step forward for us as a company, which will significantly increase our profit margins and is already opening up new and larger contract opportunities for us.

“We are also bringing sign installation in-house, with our own van and installation team, as well as starting to print onto a wider range of materials including glass, acrylic, timber and vinyl, giving us a real edge when competing for new work.”

The funding package from Lloyds Bank included an asset finance facility. The bank also assisted in the securing of Regional Growth Fund support for the expansion.

Evan Griffin, relationship manager for Lloyds Bank Commercial Banking, said: “This expansion really is a transformative step for Signlex, which will open up new opportunities to take on larger and more complex contracts.”