Telesis to 'double turnover to £10m' after £2.5m deal
Telecommunications firm Telesis aims to double its turnover to £10m by 2019 following a £2.5m funding deal.
A loan provided to the Royal Bank of Scotland’s corporate transactions team will allow the company to add a further customer base to its network services.
Bolton-based Telesis was established in 2009 and supplies communication packages to firms throughout the North West.
This includes including phone systems, calls and lines, mobile services, broadband and other requirements.
Revenue is expected to rise by 20 per cent over the next 12 months following the funding deal, and its number of end users could rise to 4,000.
Christian Bleakley, Telesis’ director, said: “Our business strategy is focused on expanding through organic growth and acquisitions and the funding from the Royal Bank of Scotland has enabled us to expand our network service reach and increase our customer base.
Telesis director Christian Bleakley
“We are on plan to reach our target turnover of £10m by 2019 and hope to increase this further after strengthening our offering.
“Once again John Copping and Anthony McGreevy have worked together to tailor a funding package to support our growth ambitions.
“Our close working relationship and their understanding of the business has undoubtedly helped the smooth completion of this deal.”
The business currently employs more than 50 people and turns over £5m.
The regional head of the North and Scotland for RBS’ corporate transactions team, John Copping, added: “Telesis has grown significantly since inception and this recent funding package has helped them to increase their network service levels and will undoubtedly contribute positively to their future growth.
“They have a strong management team who are focused on delivering results and increasing their client base. I am delighted to support Christian and his team.”