The £500,000 deal was completed in October after Clydesale Bank provided the business with support to purchase Bank Security Printing with funding in the form of a £500,000 loan.

Bank Security Printing, which was also previously based in Swindon, has been integrated into Multisets’ 3,250sqm premises and all ten of its staff have relocated across to the factory. Several additional staff have also been taken on since the deal was finalised.

Multisets now has 45 staff and a turnover of £5m, £1m of which came from Bank Security Printing.

Multisets, which was established more than 50 years ago, specialises in creating bespoke cheques for banks, solicitors, schools, auctioneers and housing associations, with a number of anti-fraud features incorporated. It also produces integrated labels for the retail industry.

The firm creates sheets that include peel-out labels for delivery and returns, which are included in the customer’s package along with the invoice.

It uses Muller Martini litho presses to produce base stock and Xerox and Delphax equipment for MICR numbering. The business also operates guillotines, sheeters and hologramming equipment.

Multisets director Martin Pulley said: “Over the last decade we have experienced significant development in a niche market.

“Being one of the few businesses in the UK to produce integrated labels has been especially important, with the increase of online retailers creating a huge area of opportunity for us. We believe this growth will allow us to further invest in recruitment over the next few years.

“The acquisition of Bank Security Printing has been a highly positive move for Multisets. It’s created several new jobs, provided us with even more experience in the specialised field of security printing and reinforced our place in the marketplace by allowing us to sell more security work.”