Intelling dials into £250,000 more funding
OUTSOURCE contact provider Intelling has received £250,000 follow-on investment from the Greater Manchester Loan Fund (GMLF),managed by Maven Capital Partners.
Manchester-based Intelling is on track to report annual revenue growth in excess of 60% with 2015 revenues set to exceed £5m.
The company provides a range of of inbound and outbound telemarketing services, specialising in the business to consumer market for a number of blue-chip clients.
It offers its clients a complete contact solutions platform specifically tailored to their business objectives, using Intelling’s contact centre for acquisition, retention, lead generation and customer care operations.
The business was established in 2012 under the leadership of managing director Phil Morgan and it is the second round of inward investment for the company.
A year ago Intelling secured a joint investment of £250,000 each from the Greater Manchester Loan Fund and The North West Fund for Loans Plus.
Morgan said: “We are pleased once again to partner with the GMLF to help us fulfil our growth ambitions for the business. At the outset the GMLF team took the time to understand our business and on the back of that created a bespoke and flexible funding package which works for us.
“Intelling has come a long way in a short period of time which is a direct reflection of the quality of the people we have in our organisation. The funding from the GMLF has undoubtedly added value to our business and we are grateful to them for recognising the opportunities provided by Intelling and supporting us in our future growth plans.”
Investment manager at Maven David Wright said: “Access to finance remains a key challenge for many SMEs that are looking to invest and grow. Growth often requires investment in headcount or other intangible assets that provide little or no security for senior lenders and high street banks. It is this funding gap that the GMLF continues to address.”
Richard Cowan, senior associate at law firm Pannone Corporate advised GMLF.
