Success Story
A Yorkshire company that provides broadband and cloud services to schools throughout the UK has secured £1m from NPIF II – Mercia Debt Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund II (NPIF II), and Mercia’s SME Loans fund.
| Region/Nation | Yorkshire and Humber |
|---|---|
| Sector | Information and Communication |
| Programme | Northern Powerhouse Investment Fund II |
| Partner |
The funding will provide Talk Straight with additional working capital to support its growth following a buy-out of the business. The buy-out has given control of the business to David Tindall, while enabling Timothy Sedgwick – who retired five years ago – to realise his investment.
The company, which is based in Ilkley and employs 70 staff, supplies over 2,500 schools and academies using its own cloud-based services which enables it to maintain strict controls over the flow of traffic and content.
Talk Straight was founded in 2005 by David Tindall and Timothy Sedgwick and initially provided internet phone services to businesses. However following changes to the rules on school broadband, they saw the opportunity to offer a specialist service and schools now make up over 90% of its client base.
Talk Straight has been growing steadily in recent years, with turnover increasing by 15% to almost £11m in the year to May 2024. The NPIF II funding will enable it to bolster its team with the creation of around six new jobs and expand its sales and marketing activities.
Tags related to this content:
More success stories
Read a success story about Ruuby
An on-demand beauty marketplace, which allows customers to order a host of beauty services to their desired location, has raised £2m to accelerate its growth in the North West by doubling down on its existing operations in Manchester and Liverpool.
Read a success story about Power Roll
Based in Murton, Power Roll, a pioneer in the solar energy transition, has raised £4.3 million in its most recent funding round, including £1.5 million from NPIF II – Maven Equity Finance, which is managed by Maven Capital Partners as part of the Northern Powerhouse Investment Fund II.
Read a success story about Xentra
A fast-growing Leeds cybersecurity company secured a six-figure loan from NPIF II – Mercia Debt Finance, which is managed by Mercia as part of the Northern Powerhouse Investment Fund II (NPIF II).