The Technology Group launches acquisition drive
Business communications specialist The Technology Group is on the hunt for acquisitions as it aims to double turnover in 2018.
The family run business, which was founded by Jonathan, Richard and David Marsden in 2011, provides business telephony, internet and mobile communication solutions, including cloud-based voice over internet protocol (VoIP) services.
In October 2017, it completed its first acquisition, Exchange Comms, a B2B telecoms services provider with more than 150 customers across the South East of England.
The Technology Group now employs 28 people across three offices in Leeds, London and Welwyn Garden City and generated a turnover of £2.6m in 2017 with a projected double growth to £5m in 2018.
Managing director Jonathan Marsden said: “Having achieved phenomenal growth over the past 12 months, and indeed since the business was formed in 2011, our next plans for the future are expansion through acquisitions and continued increase of customers via an effective sales target.”
The Technology Group provides business communications to organisations in a range of sectors, including the NHS and a variety of education institutions such as Rugby School, Selby College and Dearne Valley College. The company is also involved in the recruitment sector, supplying clients such as Goodman Masson, the UK’s largest financial recruitment agency.
The business has appointed accountancy firm Garbutt + Elliott to provide accountancy services and business planning advice as it looks ahead to future growth and acquisitions.
Jeremy Oliver, partner at Garbutt + Elliott, said: “This is a very exciting time for The Technology Group as it looks to continue the excellent growth it has seen since 2011.
“We are pleased to have been appointed and can draw on our own growth experience, which has seen us employ an additional 29 people in the past 12 months, to help deliver the next stage of their plans.”