Telecoms and IT firm gets cash flow boost

NORTH Manchester-based distributor of telecoms and IT equipment NB Data has  secured an invoice financing facility from Secure Trust Bank Commercial Finance.

Formerly based in Salford, the company has recently moved to new 10,000 sq ft premises in Whitefield.

It specialises in the distribution of phones, headsets, conferencing systems and other IT equipment.

The business supplies large and medium-sized blue chip organisations and government bodies, offering all the leading brands from within its own sector.

The facility provided by Secure Trust will primarily be used for cash flow and staff-development purposes, with NB Data looking to double its five-strong sales force over the next 18 months.

The new members of staff will strengthen the existing pre and after sales team as the business targets further growth.

Managing director of NB Data Neil Hinde said: “With a strong established and growing client base, we went to Secure Trust to gain access to the funding that would fulfil our growth plans. The flexibility they offered against a high-street lender is far better than anything I have come across in the past, enabling us to access funding in line with our growth objectives.”
 
Regional sales manager at Secure Trust Bank Alex MacDonald said: “NB Data’s move to its new premises in Whitefield represents a step towards the next stage in its development.

“By looking to bolster its sales team, the business will be able to extend its services along with its client base, while maintaining excellent customer service, putting the firm in an excellent position to maximise growth.”