Eastbourne-based label manufacturer and designer Lotus Labels has received a £200,000 funding package from HSBC to purchase new, state-of-the-art equipment.
HSBC’s six figure funding package comprised of a bespoke equipment finance facility, which Lotus Labels used to purchase a large industrial digital printing system, allowing the business to provide a greater variety of text and colouring options for packaging. A label converting system was also purchased, which will allow the company to create a high quality finish for its products and meet the required, industry-standard, high-gloss metal finish needed for its clients within the food and cosmetics industry. With the new, essential equipment, Lotus Labels expects to grow its turnover from £1.28m in 2015 to £1.35m in 2016.
Victoria Mutter, HSBC’s Area Director of Business Banking in Gatwick & East Sussex, said, “With technology developing at such a rapid rate, Lotus Labels needed to upgrade its machinery to continue to meet its clients’ needs. Our team has worked closely with the business over the years to support its growth and development, and our latest equipment finance loan has allowed for the purchase of industry-leading technology, which will enable Lotus to remain ahead of the competition and broaden its customer base.”
Andreas Shillinger, Owner of Lotus Labels, added, “This new, highly advanced equipment means we have one of the most developed, cutting-edge factories in our sector. Not only does it help us meet the necessary requirements for our clients, it also allows us to offer a greater variety and flexibility with design and packaging. We have been banking with HSBC since our company was incorporated in 1987 and value the support and funding the bank has provided.”
Lotus Labels is part of the global label and packing industry and merged with Dynamic Systems Group, one of Germany’s leading industrial label manufacturers, in 2014. The business offers bespoke design and manufacturing of labels and packaging for a variety of clientele, including Alton Towers, Yo Sushi, Jaguar and Fenwick department stores.