The acquisition of Reeds Printers in December 2010 helped boost turnover 20% on last year's figures while the takeover of Carlisle-based Albany Sign and Display in July has helped the company broaden its service offering.

According to Andy Jackson, joint managing director at Penrith-based Reeds Printers, the acquisition of the wide-format and signage printer helped expand its range of services while creating a one-stop shop.

"It has been a good busy year so far. Since July, we have been working hard to bring the two companies together and drawing on the expertise and skills base from both businesses," he said.

Since the acquisition, the company has invested in a new Mimaki wide-format printer, part of a £3m spend in equipment across the group, as well as having expanded its design capabilities with the addition of several new staff.

The company has undertaken a level of cross-selling between clients but Jackson said it was paramount that both businesses were 100% familiar with each other for that process to work effectively.

Brian Richardson, chief executive of H&H Group, said the results were testament to the skill and hard work of the group's team.

He said: "The economy is still in the doldrums; finance is in tight supply resulting in customers being very careful where they spend their money. Against this background we have been able to increase turnover and maintain profitability."

H&H Group, which is an unquoted PLC with more than 1,000 shareholders, owns a diverse range of businesses, including livestock auction, land agency, vehicle finance, insurance and property sales.

The H&H board have recommended a final dividend of 23.5p making a total dividend paid for the year of 30p.


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