A Cardiff-based outsourcing business which counts Hugo Boss and Clarks as customers is planning to increase exports to the EU and expand its workforce by 10 per cent after securing a £7m finance package.
CCS McLays, which specialises in supplying Printing, Packaging, and Goods Not For Resale to high street retailers, has received the cash from Lloyds Bank.
Over the past three years the company’s expansion has mainly focused on the Packaging arm of the business, helped by growing exports to Germany, Ireland, France, Belgium and the Netherlands.
Ian Hall, chief executive at CCS McLays, said: “We have experienced a sustained period of growth over the past few years, with increased demand from clients allowing us to expand both at home and overseas.
“As we grow it’s vital that we continue to provide a high standard of service, and to ensure that we are continuing to meet client expectations we are expanding our workforce by 10 per cent to help with the increase in demand.”
The funding from Lloyds included a £2m trade finance facility.
Stephen Jones, relationship director for Lloyds Bank Commercial Banking, said: “The tailored funding package provided will allow CCS McLays to capitalise on growth opportunities, increasing working capital within the firm so they can expand quickly without affecting day-to-day cash flow.”
Pictured (L-R): Lee Plummer (Lloyds Commercial Banking) Ian Hall (CEO of CCS McLays), Mike Thompson, (finance director CCS McLays) and Stephen Jones (relationship director Lloyds Commercial Banking