BPE Signs points to ten-fold growth over next four years
Business funding helps boost company's green credentials
- Business: BPE Signs Ltd
- Location: Bournemouth
- Sector: Manufacturing
- Funding: £150,000
- Turnover: £1 million
Bournemouth sign maker, BPE Signs, is anticipating ten-fold growth over the next four years to reach a turnover of £10 million, thanks to funding support from Bibby Financial Services.
Established in 1952, the company manufactures internal and external signage, roller banners, posters and shop fronts for companies across the UK. Clients include high profile brands such as fast food outlet KFC and clothing retailer French Connection, as well as smaller, local customers. BPE Signs employs 10 staff and is at the forefront of the UK sign industry, with all work serviced digitally. Recent investment into green technology meaning the company is able to offer signs and posts made from recycled plastic bottles.
Earlier in 2014, BPE Signs began working with Bibby Financial Services to ensure it had enough funds available to comfortably service current work, as well as take on new clients. An invoice discounting facility of £150,000 was put in place which enabled BPE Signs to win new business, including a contract with Bourne Leisure, owner of Haven Holidays and Butlins holiday camps.
BPE Signs group chairman, Andrew Ballington-James said: “Without invoice discounting from Bibby Financial Services we wouldn’t be able to grow our company. Our suppliers are more than happy to work with us once they know we have funding in place, as they are confident their invoices will be paid. This means we can reduce costs because suppliers offer us better prices, which increases our bottom line, so we can buy high quality products and offer our clients a better service.
“An increase in profits has meant that we have started to invest in the business already. All our jobs are now completed digitally which makes the signs quicker to create, and we can also manufacture signs from recycled material. This is particularly in demand as many clients want to improve their green credentials.”
With the invoice discounting facility in place, BPE Signs is aiming to invest internally and grow turnover by £9 million. Andrew continued: “The new contracts mean we can invest in the future of the company – we are planning to employ 10 more staff and open a second factory over the next 12 months. Over the long term, we aim to expand into new sites across the UK as well.”
Nick Carter, Head of Sales South Coast for Bibby Financial Services said: “BPE Signs is a great example of a small, highly successful business that has the necessary skills and tenacity to take on large scale projects, but just needs funding support to do so.
“As BPE Signs has demonstrated, invoice discounting is a reliable source of funding that can benefit manufacturers financially in terms of growth and also in terms of cementing relationships with suppliers and clients, as the business is seen to be financially stable.”