The Orpington-based company, which is due to install the new machine in July, specialises in the production of short-run labels and self-adhesive tape for a wide range of industries.

Director Julian Lee said: "We invested in the press as at the moment we are over-running and staff are working overtime and Saturdays to complete the work that we have got. The new press will help us to address this and increase our turnover going forward.

"Our turnover has been growing at around 10% a year for the past two years and this year looks set to hit £1m, which is exciting and proves that it’s not all doom and gloom out there.

Prima Tapes and Labels was founded in 1996 and has 27 staff.