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Set & Match, a Birmingham-based printing company, is now under new management following a successful management buyout (MBO). Stuart Mills, previously managing director, has acquired the company from its existing shareholders.
Established in 1992 by John Mills and Jim Reely, Set & Match originally specialised in typesetting and expanded into traditional printing after purchasing a print business in 2002. With the MBO, Mills aims to merge Set & Match with Colprint, another printing business he owns, to enhance and expand print services.
The buyout was financed by a £140,000 asset-based lending arrangement from Time Finance, which included both an invoice finance facility and a secured loan. Mills expressed satisfaction with the asset-based lending solution, noting its flexibility and suitability for the business’s needs.
Rob Walters, business development manager at Time Finance, highlighted the benefits of asset-based lending for SMEs, emphasising that such funding solutions are often overlooked by smaller businesses.
The deal was facilitated by Time Finance’s broker partner, Paul Varley at Navigate Commercial Finance. Varley remarked on the positive impact of the funding on Set & Match’s growth prospects under Mills’s leadership.
