The £30m ($AU62m) turnover company, which produced more than 40m cards for sale in the UK high street last year, received a £10m ($AU20.7m) flexible asset-based-lending package from KBC Business Capital.

Managing director of Watermark Publishing, Robin Olley said: “The business has always had a unique and different perspective in the way it has approached developing business and business relationships.

“A key dynamic in our successful growth has been an emphasis on understanding our customer, quality of product and service, and the development of complementary working relationships with our key suppliers and customers.”

KBC Business Capital’s new asset-based-lending facilities reflect the seasonal nature of the greeting card industry; where one-third of all annual sales occur during the Christmas sales period with the spring season of Valentine’s Day, Mother’s Day, Easter and Father’s Day following in quick succession.

Read the original article at www.printweek.com.

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