The funding will be used to promote LFH to existing and potential clients.

LFH is led by joint managing directors Mano Manoharan and Graham Hawkins. Following the investment, chief executive of Copyright Promotions David Cardwell joins LFH’s board as a director.

London-based LFH specialises in design, print and production for consumer packaging. It employs more than 50 people and runs offices in Brussels and Melbourne.

The company generates a turnover of some €6 million (£4 million). Manoharan told GrowthBusiness that he aims to increase turnover to £10 million to £15 million, but is cautious about expanding too much: ‘There’s a critical mass. You exceed that critical mass and things just fall apart. So we wouldn’t be going above…100 people in the company; that in turn generates a certain income.’

Law firm Downs, led by Christopher Shipley, advised LFH.