Broadband start-up targets £25m turnover
A FAST-growing broadband business launched by two university graduates is targeting turnover of £25m within three years after securing investment from Finance Yorkshire.
Doncaster-based Origin Broadband, founded by University of Hull graduates Oliver Bryssau and Henri Wust in 2011, supplies phone and internet services to businesses and homes across the UK.
It recently secured a deal to supply fibre connectivity to the new, 250,000 sq ft Amazon fulfilment warehouse in Doncaster.
Finance Yorkshire has supported Origin Broadband’s growth plans with a £550,000 investment from its equity fund. This takes its overall investment in the business to more than £1m following two investments in 2015.
The funding has enabled Origin Broadband to employ additional sales staff and build its cable network. It currently has a turnover of £3.5m and employs more than 50 people.
Mr Bryssau said: “The business is adding customers every month and we put that growth down to having a quality service and a market leading price. We are focussing our efforts on business contracts, where companies come to us for advice and we offer a complete telecoms and internet solution.
“By investing in more cables and exchanges, we pay less to third parties and gain more control over the types of business solutions we can offer.”
Origin Broadband is set to continue its rapid growth trajectory. It recently installed a superfast wi-fi service for the market town of Bawtry, near Doncaster, by routing a fibre cable to the town’s Crown Hotel.
The company has added experience to its boardroom with the appointments of Mark Hurley and Geoff Orme as chairman and finance director respectively.
Paul Gower, investment director at Finance Yorkshire, said: “Origin Broadband is a young, dynamic business that requires cashflow to maintain its current growth trajectory. It is already one of the largest network suppliers in the region and has attracted a diverse customer base including schools, hospitals, businesses and homes.”
