Mailcom News
Print Week - June 5th 2009
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Direct mail and customer communications business Mailcom is
looking to grow its turnover and boost its enclosing capacity
after securing a £3.5m funding injection.
The company, which will now operate under the Mailcom Plc
brand name, received the investment from existing shareholder
loan capital and mezzanine bank funding. The deal was coordinated
by accountancy firm Tenon.
Mailcom is subsequently anticipating strong
turnover growth this year, fuelled in part by recent trading
results. The business recorded a 6% rise in turnover to £7.2m
with
pre-tax profits up 51% to £650,000. Neil Shotton, chief
executive of Mailcom, said: The new capital injection will
be used to increase our file based enclosing capacity
and bolster disaster recovery services.” This will include
boosting the firm’s capacity to handle more than 2m
statements each day at its Tyne and Wear facility before the
year is out. Shotton added: “The onus is now on the
outsourcer to drive economies of scale.”
Contact Mailcom
If you would like to contact Mailcom regarding any of the
above news stories, please contact us on 0191 5197000 or 0844
902 0844.
Alternatively email Mailcom using: contact@mailcom.co.uk
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