CCTV firm sets sights on growth with funding deal

North Yorkshire-based CCTV First has secured a funding package to enable it to acquire premises and develop new products.

Established in 1992, CCTV First originally started out as a hardware business but industry changes prompted it to move to software products.

The family business in Brompton on Swale, Richmond, North Yorkshire, specialises in the provision CCTV equipment and systems for both commercial and personal use.

CCTV First employs six people and turnover is expected to increase from £1m to £4m over the next three years.

Russell Wane, managing director at CCTV First, said: “We’re delighted to be expanding the business and decided that we needed more room to continue with our growth plans. The new premises will provide us with modern and spacious facilities to test and develop new equipment. It will also enable us to purchase higher volumes and stock more lines. We’re planning to be one of the largest distributers of CCTV equipment across the region and hope to take on more new staff as we grow.”

Michael Oliver, Barclays Business Manager put together the funding package for the deal, and said: “Russell and his team run an excellent family business with years of experience in all types of complex CCTV systems. The new premises will enable the business to source and store more competitively priced products and grow rapidly, contributing to the local economy and helping to keep their customers and their businesses safe. As a long standing customers it’s great to see the business flourish and continue to the next exciting chapter.”