Mailcom News
Print Week - June 5th 2009 <view>
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 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.”
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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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