Innov8, a leading provider of software and IT infrastructure for businesses across the UK has secured a finance deal with NatWest, offering the company the flexibility to take advantage of strategic acquisitions and explore new product lines in the software market. The funding will enable Innov8 to expand its geographic footprint and grow its business in line with its future aspirations.
Innov8 was founded in 1997 and has experienced significant growth through deliberate acquirement, expanding its scope and legendary presence. The company currently employs 80 staff at its offices in Stockport, York, and Bromsgrove. In November 2022, the firm acquired Wharncliffe Business Systems, based in Barnsley, further expanding its presence in Yorkshire and adding additional software products to the Innov8 portfolio.
The finance package, offered by NatWest, gives Innov8 the freedom to explore new opportunities and take control of its own destiny. Phil Astin, the financial controller at Innov8, stated that they wanted to secure a new funding partnership that matched their needs and future ambitions, which this new relationship with NatWest offers.
Mark Faulkner, relationship director at NatWest, said that their goal is not only to provide flexible financing solutions but also to remove barriers to enterprise, so businesses can thrive. Working closely with the Innov8 team, they were able to provide a finance package that suits their needs while also supporting them with the wider aspects of taking their business to the next stage of their already impressive growth journey.
Innov8 supplies Sage software, as well as bespoke products for SMEs. Its calculated acquisitions have expanded its territorial footprint, with the latest possession of Wharncliffe Business Systems as earlier stated adding more software products to their portfolio. The company’s growth ambitions are in line with its commitment to providing flexible, innovative, and effective solutions to its clients.
In a nutshell, the finance deal between Innov8 and NatWest is a significant development in the company’s growth journey, offering the liberty to explore new opportunities and expand its geographic footprint. With the support of NatWest, Innov8 is well-positioned to continue its success and lead the way in providing ingenious and cutting-edge solutions for businesses throughout the UK.