A company that supplies refurbished computer equipment has received a government-backed loan of Â£ 600,000 from the Northern Powerhouse Investment Fund (NPIF).
Headquartered in Harrogate, Intelligent Servers Ltd was founded in 2011 by its Managing Director, Andrew Hughes, who specializes in HPE, Dell and Cisco. It has grown organically year on year and now generates revenue of around Â£ 8million per year, supplying refurbished products to over 3,000 customers including the BBC, Canon and Manchester United.
During the pandemic, they saw a 1,600% increase in laptop orders as people flocked to work from home. They have also worked on many larger IT projects to quickly increase bandwidth for video conferencing companies and have helped schools move education online. In an era when millions of people have been laid off or on leave, smart servers have increased their workforce by 50%.
This NPIF investment will be used to improve purchasing power, facilitate inventory growth, expand warehouse staff growth, while safeguarding 50 jobs.
The deal was facilitated by FW Capital’s deputy fund manager Keith Charlton after an introduction by Mel Nally, regional sales manager for Skipton Business Finance. He said: âFrom our first involvement with Andrew and his team in 2019, it became clear that the company had significant growth potential, as long as it could maintain the stock levels required to meet an endless demand. increasing. “
FW Capital provides loans of Â£ 100,000 to Â£ 750,000 to companies based in the NPIF region, with a focus on the North West, Cumbria and the Tees Valley.
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Learn more about NPIF here
A Â£ 500million fund to help SMEs grow