Social enterprise demonstrates commercial viability of a printing business
Charles Printing, a Groupe Convex social enterprise, formerly from the private sector, is back within the private sector while maintaining its social mission!
Convex Group had purchased Charles Printing in 2005, after the owner of the company for 30 years, had put it for sale. Groupe Convex then acquired the company, with the help of a high-risk loan for equipment upgrades; Charles Printing was transformed into social purpose enterprise, employing individuals with intellectual disabilities.
Over the course of the 8 years under the umbrella of Groupe Convex`s network, the company provided employment for 8 people living with an intellectual disability.
The early years of this social enterprise were promising and in 24 months it had quadrupled annual sales revenue. Within five years, the social enterprise has repaid the loan. But this period brought broader market changes, both in technology and economically, resulting in more competition for the company on the market.
Creative companies, such as graphic design, and web development, are facing a major shift. These types of businesses can no more easily survive as '' stand alone'' businesses. They must diversify and innovate. That`s why a businessman got interested in Charles Printing. Mr. Gary Wilson, who owns DesignWorkshop for the past 26 years, was looking to offer a ''one stop shop'' to its customers, which could be under the same roof, with a range of services including signage, promotional items, posters and graphic design. So DesignWokshop had core design services, except those of the more traditional printing service. Hence the advantages from acquiring a printing shop with a high local reputation, Charles Printing!