Propeller Holdings Ltd

Location: Peterlee

Sector: Software

Web site: www.propellergb.co.uk

Investment

Amount: £750,000

Type: Equity

Executive: Joanne Pratt

Why we invested

A £750,000 equity investment will help Propeller Holdings continue its ambitious expansion.

Peterlee-based Propeller Holdings Ltd will use the investment to fund its diversification into new markets as it starts rolling out its latest technological advance, the new Pro-Vyda inventory control system. The Pro-Vyda system offers measurable cost and efficiency savings to large multi-site manufacturing companies and Propeller aims to double its turnover in the next two years.

Outcome

Propeller will use FW Capital’s investment to increase its capacity as it expands into new and existing markets as it starts rolling out its new Pro-Vyda inventory control system.

Testimonials

“Our aim is to increase the company’s annual turnover to £15 million by 2014 and we will recruit additional staff to meet the increased demand for our systems and services. We’ll use FW Capital’s investment to continue developing our technology and to refine our products and services. It will also help us push ahead with our expansion plans for Europe.” Tony Goodwin, Chief Executive, Propeller Holdings.

“Propeller Holdings has a dynamic management team with a healthy appetite for growth. The company’s focus on product innovation helps it stay ahead of the competition by providing real added value to its customers. FW Capital’s investment will enable the company to undertake some ambitious plans to continue developing its products and services and expand into new markets.” Joanne Pratt, Senior Investment Executive, FW Capital.