North Yorkshire Business Views New Opportunities with Diversification New Premises and Expansion Plans with Funding from Barclays
Posted on the 22 March 2018
Richmond based business CCTV First today announced expansion plans with new funding from Barclays.
Established in 1992, CCTV First original started out as a hardware business but industry changes prompted them to move to software products. The family business is located at Gatherley House, Brompton on Swale, Richmond, North Yorkshire. The business specialises in the provision CCTV equipment and systems for both commercial and personal use. The new funding from Barclays has enabled them to purchase new premises to test and develop new products.
Russell Wane, Managing Director for CCTV First said: “We’re delighted to be expanding the business and decided that we needed more room to continue with our growth plans. The new premises will provide us with modern and spacious facilities to test and develop new equipment. It will also enable us to purchase higher volumes and stock more lines. We’re planning to be one of the largest distributers of CCTV equipment across the region and hope to take on more new staff as we grow. Barclays supported us with funding and enabled us to complete very quickly on the new premises.”
CCTV First employs six people locally and turnover is expected to increase from £1million to £4million over the next three years.
Michael Oliver, Barclays Business Manager put together the funding package for the deal, and said: “Russell and his team run an excellent family business with years of experience in all types of complex CCTV systems. The new premises will enable the business to source and store more competitively priced products and grow rapidly, contributing to the local economy and helping to keep their customers and their businesses safe. As a long standing customers it’s great to see the business flourish and continue to the next exciting chapter.”