The investment from YFM advised funds will enable the company to recruit an additional 50 technology staff during the next two years.
Business Loans Hutchinson Networks Limited is a leading provider of multi-vendor IT and network solutions to national and international clients offering advanced infrastructure services to a rapidly expanding client base, including a major UK airport, an international consumer brand, several Fortune 100 companies and a global retail technology brand.
We are very pleased to have YFM as investors...we will now focus on delivering our transformative technologies and expertise to clients in the UK and globally.Stephen Heslop, Chief Operating Officer, Hutchinson Networks
Hutchinson Networks employs 89 staff across the UK and a network of professionals across the globe. The business is projecting turnover of £11.5m this year, rising to £16.5m in 2019.
Founded in 2011 by Paul Hutchinson (CEO) and Stephen Heslop (COO), Hutchinson Networks has experienced significant revenue and profit growth in recent years. The management team, including CTO Stephen Hampton, were seeking growth capital to fund additional marketing and operational resources to accelerate international growth.
Nigel Owens, Investment Director at YFM responsible for the Scottish market said: “Hutchinson Networks has an outstanding reputation with its clients and its technology partners. The company has grown strongly due to the drive and energy of the management team...”