Retail IT supplier, azurri has a gift for expansion with a £225,000 loan from FW Capital
Leading retail software and services company, azurri Computer
Systems Ltd (azurri) has significant expansion planned, enabling it
to help more UK charities increase their income from the UK tax
incentive, Gift Aid.
Gift Aid is an important income source for charities and can add
an extra 25% to the value of donated goods sold.
azurri will now use a £225,000 loan from FW Capital, which
manages the North West Fund for Business Loans, to extend its
position in the growing charity retail sector.
The Bolton-based company’s cost-effective Gift Aid solution is
used by large and small charities to manage their Gift Aid claims.
azurri also provides a range of other retail IT services to the
charity sector and has made its name providing fully-managed IT
services for smaller charities.
The company’s charity clients include well-known names such as
Amnesty International, the British Heart Foundation, the Salvation
Army and YMCA.
"Over the last 10 years, azurri’s focus on innovation and
customer satisfaction has enabled the company to build a strong
retail client base. We’re also proud of our client retention
record," explained Alastair Petrie, azurri’s Managing Director.
azurri now plans to increase its brand awareness in the charity
retail sector by expanding its sales and marketing operations. The
expansion will also create a number of job opportunities in the
support and implementation areas of the business.
"The charity retail sector is key for azurri. It currently
accounts for 25% of our turnover and our goal is to increase this
figure by making IT solutions more affordable for charities.
Interest in our range of services has grown as our customers
continue to show strong early returns on their investment.
"FW Capital’s loan has given us a solid platform to bring
forward our expansion plans and build on the success we’ve achieved
since entering this sector in 2010," continued Petrie.
FW Capital Investment Executive, Philip Hargreaves worked with
azurri to ensure the loan suited the company’s capital
requirements: "Retailers rely heavily on their IT systems and
azurri has worked hard to build its reputation for reliability over
many years. It is now well-placed for success in the UK’s charity
retail sector. I have a great deal of confidence in azurri’s
management team and their growth strategy," Hargreaves said.
FW Capital continues to make loans of between £50,000 and
£250,000 to businesses in the North West from the £35 million North
West Fund for Business Loans.
"We’re seeing increasing numbers of established businesses in
the North West with good long-term prospects. They’re also winning
contracts in new and existing markets. I’m keen to see more strong
business plans from companies with the ambition to become market
leaders," continued Hargreaves.
*The North West Fund for Business Loans has now been replaced by
The North West Fund for Loans Plus.