Service Graphics looks to increase UK investments

Service Graphics is to look at potential acquisitions across the UK, with the group aiming to double operating profits to 1.7m for 2004.

Director Ben Moss said the firm had signed a new long-term banking structure to be used for acquisitions and new kit spend.

We are looking at firms in areas where we have little or no representation that we can build on, said Moss.

It will look at the North East, central Manchester, the South East, smaller London firms, and will also look to develop its Bristol office.

One area that it is looking to expand into is the giant format commodity market, with the firm set to sign an agreement with a major player in the next few weeks.

Service Graphics reported sales of 33m for 2003, similar to 2002, with an operating profit of 800,000 after consolidation, an increase on the previous year.

It has also reduced its borrowings by nearly 1m over the past two years, Moss said.

For 2004, Service Graphics is projecting a 9% rise in sales, with its operating profit aimed at around 1.7m.

A Quantum computer system, which will handle accounting, sales and marketing and production procedures will also be rolled out across the group in the next 12 months.

If this year is as busy as Moss anticipates, Service Graphics will look to list on AIM in Q4 of 2004.

New equipment has been put into its Wandsworth, Bristol and Salisbury sites.

Story by Andy Scott