Digital printing firm completes £2m acquisition of Sheffield headquarters

A Sheffield-based digital printing company has invested more than £2m to purchase its headquarters.

ProCo secured funding from NatWest to acquire its offices and production site at Parkway Industrial Estate, which the company had previously been renting.

NatWest provided a seven-figure business loan to ProCo, which employs 140 staff with a turnover of £14m.

ProCo, which also has offices in Stansted, works with clients to provide digital and litho print solutions across a wide range of marketing and communications platforms.

The business was founded in 1992 by Chairman Mark Schofield, who was joined in 2003 by CEO Jon Bailey.

Jon Bailey said: “As an independent creative company, securing ownership of the premises is an important step forward for us. The purchase removes risk and puts us in control of our own destiny.

“We are always looking to develop our services to meet customer demand and this supports our long-term ambitions for growth.

“NatWest’s team has given us a lot of support over the years, both financially and with day-to-day guidance and advice. We really value their input into the business and are grateful that they believe in ProCo.”

Martin Gorman, NatWest Relationship manager, said: “ProCo has a strong heritage in the printing and digital industry and we are proud to have supported them throughout their journey.

“The purchase of the Parkway offices means that the directors can focus on expanding their services and building their client base across the UK.”