Case Study – Technology

Funding software development

Background

InterExec are a highly respected specialist with an extensive network within the executive search market. For 40 years they have been placing high performing executives into unadvertised job roles at senior management and board level. This is achieved via a network of over 5000 head-hunters based globally, giving them access to 30,000 roles each year.

The company was founded by Kit Scott-Brown, he continues to chair the business today and has been featured in prominent publications such as the FT.

Funding Requirement

InterExec have relied on account manager, Stephen Jenkins, for many years to source the most suitable funding  solutions. It wasn’t a difficult decision to approach Tower when undertaking a substantial software development, at considerable cost.

Over the course of 12 months several lines of credit were required in order to fund the new software system, Tower, using our vast network of lenders and expertise in the industry sourced the right level of funding at the best terms possible.

Another finance house had previously tried and failed to assist due to the supplier operating outside of the UK. Tower can fund all aspects of technology from 100% software (bespoke/off the shelf), services, on-going costs   and of course hardware.

Summary

The new system is up and running and will help InterExec continue to thrive whilst the funding has protected their cash flow – the new technology can pay for itself over a 3 year agreement.

Tower offers many finance products aimed at both the Micro and SME sectors so whatever your requirements, from cash flow, equipment, vehicles to equity and more please get in touch to see how we can help.

What our clients say

“I am delighted with the support that Stephen and Tower have given us  during this phase in the business. The capital provided has been fundamental in our continued effort to offer the best possible service to our clients.”

Kit Scott Brown
Founder of InterExec

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