Merthyr business shows real signs of growth
A Merthyr Tydfil signage company whose customer base includes
Barratt Homes, Cadw, Darlows, Peter Alan and Taylor Wimpey as well
as the NHS is expanding thanks to a six-figure loan from Finance
1st Signs & Graphics Ltd (1st Signs), which is based on the
town’s Cyfarthfa Industrial Estate, has used the loan
to purchase new printing equipment to increase its production
capacity as well as the range of services it provides.
The company has a loyal client base throughout South, East and
West Wales and now plans to win new business in the property and
construction sectors in addition to its existing markets.
1st Signs undertakes small, large and one-off projects for
clients. It can also provide fitting and project management
services and plans to develop this side of its business as part of
Managing Director Terry Veale is excited about the company’s
future potential: “We’ve built up a reputation for producing high
quality signs, often to exacting specifications and tight
timescales. Our clients like our local service, so our employees
play a critical role in our success and we invest heavily in their
The company, which is the main signage supplier to Barratt Homes
and Taylor Wimpey in South Wales, also provides a full board
service for over 120 local estate agencies. It also designs and
prints shop and office signage; vehicle livery; sports-ground
advertising as well as banners in a range of materials.
“The new equipment we’ve purchased with Finance Wales’ loan has
enabled us to increase our capacity and improve our quality. We can
now undertake larger, more profitable projects and can also expand
the property and construction signage part of our business. The new
equipment will help us significantly improve our cost base as we
can reduce our reliance on suppliers,” Veale continued.
In addition to funding 1st Signs’ new equipment purchase,
Finance Wales has structured its investment to provide an injection
of working capital which will enable the company purchase any stock
it needs to satisfy new orders.
Sam Macalister-Smith, Investment Executive at Finance Wales,
said: “1st Signs is a trusted and established local business. They
know their market very well and tailor their service to suit
customers’ needs. Their customer retention is impressive thanks to
the quality of their work and focused approach to customer
“Terry and his business partner, Anthony Roberts continue to
have a long-term vision for the company and this is backed up by a
robust business plan. Finance Wales’ loan has provided the capital
to purchase a piece of equipment which will be key to the company’s
future expansion. We’ve also provided the working capital it will
need to satisfy new orders.”
Finance Wales’ investment in 1st Signs and Graphics came from
the £150 million Wales JEREMIE Fund.