Member Article

Garforth telecoms firm set to double turnover to £2 million after funding boost

Garforth-based Excel Telecom, which sells the phone, mobile, broadband and IT services, is set to double turnover in two years after a funding boost from Finance Yokrhsire

Gail Turner, managing director, completed a buyout of the business from its founder in 2013. Customers range from small businesses to larger corporates, and Excel prides itself on its personal service. Turnover is around £1 million.

Despite making a profit, Excel Telecom needed additional working capital to invest in marketing and staff. It particularly required funding for expansion plans in Leeds and Hull.

A Business Loan from Finance Yorkshire has helped the company to hire its first apprentice, 19-year-old Hafeefer Nazir, who is being trained in all areas of the business.

It has also invested in a state-of-the-art demo suite that gives clients an insight into the future of telecoms.

Gail said Excel Telecom aimed to double turnover within the next two years. “Our aim is to be at the forefront of business connectivity. In the future, all IT and communications will come via one channel into the building and we believe we are well placed to capitalise on that opportunity.”

Grahame Lunt, Investment Manager at Finance Yorkshire, said: “This is an exciting time for Excel Telecom. It has a loyal customer base and a clear vision around how telecoms will be provided in the future. We look forward to seeing this business expand and take on more staff.”

The deal was introduced to Finance Yorkshire by Andrew Charles of Sochall Smith chartered accountants in Leeds.

To date, Finance Yorkshire has made 694 investments totalling £90 million.

This was posted in Bdaily's Members' News section by Clare Burnett .