Network infrastructure provider secures £1.5m funding line
Liverpool-based Bibby Financial Services (BFS) has provided a £1.5m funding facility to Dorset firm Ensign Communications.
Ensign is a network infrastructure provider of more than 30 years to businesses including JD Sports, Peel Ports and English Heritage.
Specialising in bespoke ‘end-to-end’ wired and wireless networking, Ensign Communications provides structured cabling, both physical security and cyber-security solutions, as well as broadband and hosted telephony services.
The business recently announced its acquisition and merger with Birmingham-based networking specialists, CDI Group, in November 2018.
Part of an ambitious three-year growth plan, the move has significantly increased Ensign Communications’ portfolio, personnel and geographical coverage.
The combined businesses now boast offices in Poole, Birmingham, Widnes and Newcastle, with a workforce of more than 90 staff.
To support the merger with CDI Group, BFS structured funding to ease cashflow pressure and provide Ensign with the working capital for future growth as it continues to expand.
Its ability to deliver a broad range of networking products and services, combined with the support from BFS, will ensure Ensign’s customers receive quality expertise at a lower cost and with less risk – a key combination in an increasingly complex technology landscape.
Adam Jarvis, managing director of Ensign Communications, said: “We pride ourselves on our ability to help businesses keep ahead of the curve.
“The funding from BFS will grant us the horsepower we need to drive our ambitious growth plans, as we look to launch new products and services with our increasing team of experts.”
Chris Sygrove, corporate manager, Bibby Financial Services, added: “Ensign has an impressive reputation that spans multiple industries and the recent merger has strengthened its proposition for complete end-to-end network solutions.
“The funding facility we have designed will help the business realise further potential with its cashflow and allow Adam and his team to focus their attention on unlocking new avenues for growth.
“We look forward to supporting the business as it establishes itself as a one-stop-shop for enterprise network infrastructures.”