£5m Funding Package for IT Solutions Provider

Hardware.com, an IT services and solutions provider gearing for growth in cloud-related services, has secured a £5m funding package provided by Secure Trust Bank following consultation with Liquidity Club.

Opening in 2003 and based in Gloucestershire, Hardware.com has established itself as an international presence, helping companies undergo  digital transformations globally.

Across the group, including its distribution centre in Swindon and offices in Cirencester, Hardware.com employs over 100 members of staff. The business works with companies internationally through its subsidiaries in the USA, Nordics and South Africa.

​The company has notable clients across the commercial and public sectors including major retailers, managed service providers, education and government.

Liquidity Club met with Gwyn Hicks, COO and CFO of Hardware.com, to understand the plans for growth and capital requirements for the long-term. The result was an introduction to Secure Trust Bank who provided a facility that better met the needs of the business than their incumbent provider.

Gwyn Hicks, COO and CFO of Hardware.com said "Secure Trust Bank constructed a facility that was more flexible than what we previously had and better met our requirements. This source of capital puts us in a strong position for the future, as we look to diversify our services and grow our market share both in the UK and internationally."

David Totney, MD of Liquidity Club commented: "Understanding Hardware.com's ambitious plan for the future is imperative when finding a long-term funding partner. The existing funder was not providing a facility that could cope with growth so Liquidity Club acted to find an alternative, provided by Secure Trust Bank. We look forward to keeping in touch with the team at Hardware and being part of their exciting future.”

David Parsons, Regional MD at Secure Trust Bank further added: "Hardware.com's value-added offering has helped it secure contracts with blue-chip customers across the globe. With this new line of funding, the business can invest in new services to allow it to scale up and bring in new revenue streams. We're keen to support Hardware UK, and look forward to seeing the company progress in the coming years."