Hinckley-based Checkprint has enjoyed its most successful year to date after achieving a record sales turnover for 2017. The organisation, a member of the TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, reached a pre-audit, unconsolidated sales figure of £5.2 million, representing a like-for-like rise of 19.5% on the previous year.
This growth is attributable to a number of significant factors, including the company’s highest fourth quarter on record, driven by the upsurge in demand within the banking sector for cheque image scanners. The year has also seen Checkprint grow its UK Business Process Outsourcing activities throughout 2017 with more organisations now using the company’s innovative payments bureau service to achieve time and cost savings. This growth comes on the back of securing contract renewals and service extensions with clients such as Barclays and Metro Bank at the beginning of 2017 that provided a great start to the year. In addition, the TALL Group won major contracts to supply cheque scanners to Santander and HSBC, which are fulfilled by Checkprint on the Group’s behalf.
Martin Ruda, Group Managing Director, The TALL Group of Companies, said: “We are extremely proud of another strong Group performance throughout 2017, boosted by Checkprint’s sales success. This followed record Group sales and profit figures for 2016, which further cemented our position as the industry leader across both printed and electronic payment solutions. Moving forward, we will continue to invest in our world-class technology-based services and solutions, both domestically and overseas. We are also expecting to see further impact from the recent introduction of cheque image clearing in the UK, with our scanner fulfilment business and support services likely to feature significantly in 2018.”