A significant transition has taken place within the Birmingham printing sector. Set & Match, a well-established name, is now under the leadership of Stuart Mills.
Following a strategic management buyout, Stuart Mills steps into the role of managing director at Set & Match. This change comes after acquiring funding from Time Finance, setting a new course for the company’s future.
Set & Match, a printing company rooted in Birmingham, has undergone a management buyout led by Stuart Mills. This move allows Mills to consolidate his control by acquiring shares from previous stakeholders, positioning him to integrate Set & Match with Colprint, another business he oversees.
Founded in 1992 by John Mills and Jim Reely, Set & Match initially concentrated on typesetting. With the acquisition of a print business in 2002, they expanded into traditional printing services. The management buyout marks a strategic evolution for the company, allowing for streamlined operations and focused growth.
The financial backbone of this acquisition was provided by Time Finance, offering a £140,000 asset-based lending package. This innovative funding was divided equally between an invoice finance facility and a secured loan, marking a unique approach for the company.
Stuart Mills acknowledged, ‘Asset-based lending is not a funding solution I had previously encountered.’ This method proved beneficial, facilitating the purchase of shares and enabling continued business growth.
Understanding asset-based lending can be complex but rewarding for small to medium enterprises (SMEs).
Rob Walters of Time Finance noted that many SMEs miss opportunities with such financial solutions due to preconceived notions about traditional lending models.
The involvement of Navigate Commercial Finance broker, Paul Varley, was pivotal in leveraging the right funding for Set & Match. He expressed his satisfaction in supporting the company’s growth ambitions.
Under Stuart Mills’ direction, Set & Match aims to enhance its offerings in the print sector. This includes more integrated services with Colprint, promoting efficiency and expanding market reach.
The management buyout positions the company to not only maintain but also amplify its service delivery, with aspirations of a robust presence in the printing industry.
Set & Match’s evolution under Mills’ leadership is not just a business milestone but a potential boost for the local Birmingham economy.
The consolidation with Colprint is anticipated to create more job opportunities and foster innovation within the company’s operations. This move reserves the company’s competitive edge in the industry.
The collaboration between Set & Match and its financial partners demonstrates a strategic vision toward sustainable growth.
With a solid financial foundation and innovative leadership, the company is poised to capitalise on emerging market trends and demands effectively.
The management buyout of Set & Match heralds a new era of growth and leadership in Birmingham’s printing industry.
As Stuart Mills takes the helm, the company is set to enhance its market position through strategic integration and innovative financial solutions.
As Set & Match embarks on this new chapter, the infusion of innovative leadership and financial strategies foretells a promising future for the company.
With Stuart Mills’ expert guidance, the company is positioned to achieve further success and sustainability within Birmingham’s competitive business landscape.
