A company that provides refurbished computer equipment has received a £600,000 government-backed loan from the Northern Powerhouse Investment Fund (NPIF).
Harrogate-based Intelligent Servers Ltd was founded in 2011 by its Managing Director, Andrew Hughes, specialising in HPE, Dell and Cisco. It has experienced year-on-year organic growth and now generates revenue levels in the region of £8 million a year, delivering refurbished products to more than 3,000 clients, including the likes of the BBC, Canon and Manchester United.
During the pandemic, they experienced a 1,600 per cent increase in Laptop orders as people flocked to work from home. They also worked on many larger IT projects to rapidly increase bandwidth for video conferencing companies and supported schools to move teaching online. In a time when millions were laid off or on furlough, Intelligent Servers grew their staff numbers by 50 per cent.
This NPIF investment will be used to improve purchasing power, facilitating stock growth, expand the warehouse increase in staff, while safeguarding 50 jobs.
The deal was facilitated by FW Capital Deputy Fund Manager Keith Charlton, following an introduction by Mel Nally, Regional Sales Director for Skipton Business Finance. He said: “From our first involvement with Andrew and his team in 2019, it became clear that the business had significant potential for growth, so long as it could maintain the required stock levels to meet an ever-increasing demand.”
FW Capital provides loans of £100,000 to £750,000 to businesses based in the NPIF region with a focus on the North West, Cumbria and Tees Valley.
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