SME Capital are thrilled to have provided Bigspark, an award-winning technology consultancy based in Nottingham, England, with an initial £750k to fund their ambitious international growth plans.
Bigspark has a turnover forecast of £9.6m in 2023 which represents a 66% YOY growth on 2022 and 245% YOY growth on 2021, which makes it the UK’s fastest growing data solutions consultancy.
The deal was put together by Chris Searson of Citizen, a strategic funding consultancy, with Ian Pottle of Cornerstone Finance acting as lead broker.
Robert Hulse, Head of Channel Development at SME Capital expressed his enthusiasm, saying, "It has been an absolute pleasure to work with the Bigspark team and everyone involved. We take pride in setting ourselves apart by supporting such a great team and rapidly growing business. We eagerly look forward to witnessing the continued growth story of Bigspark and supporting them further in their journey."
Paul Dolyniuk, Regional Director at SME Capital added: “The market opportunity for Bigspark is substantial and we are delighted to support the business in unlocking its clear growth potential. The calibre of its customer base and the impressive growth trajectory achieved to date highlight the value of Bigspark’s expertise in its areas of specialism. We have enjoyed working closely with Robin and the team to understand their strategic plans, develop a partnership and support with long-term funding.”
Robin Bradley, CEO of Bigspark said: “I’m grateful to everyone involved, particularly SME Capital for having confidence in us, and to Citizen for delivering the complex evidence needed. We are now hard at work to deliver the expansion and growth plans we predicted. Growing as fast as we are, we know that there will be some bumps on the road ahead, but the experience of securing funding has ensured that we’ve examined the risks, and how to mitigate them, in some detail. So, in addition to the much-needed funding, the experience has helped us mature as a business.”
Bigspark has established a reputation for providing excellent products and service to clients that include NatWest and Esure.
Most recently Bigspark was in the news as delivery partner for the domestic abuse app, MyNARA. With a diverse, international customer base, supporting large organisations to smaller local businesses, the business has a strong management team in place to take the business to the next level.
If you would like to discuss growth financing in more detail or our wider funding capabilities do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
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