Smartcomm secures funding from eCapital
HMT has advised multi-award winning Audio Visual, IT, Unified Communication (UC) and Automation systems and solutions specialist SmartComm on their recent fund raise with eCapital.
Smartcomm has a broad range of expertise over sectors including Commercial, Corporate, Public Sector, Education, Residential, Hospitality and Leisure. For existing clients and new, Smartcomm offers a comprehensive Service, Support and Managed Services catalogue. SmartComm will use eCapital’s specialist invoice discounting facility to fund working capital as the business continues to grow and deliver large scale AV projects for their clients in both the UK and overseas.
eCapital has been supporting SME’s with flexible funding solutions for over 20 years and over this time have provided over £2 billion of funding support businesses across a range of sectors.
The HMT team were appointed by SmartComm to help source a debt facility to fund the continued growth of the business. The team ran a competitive process and approached a number of lenders with the knowledge and ability to lend to the construction sector and having evaluated all options eCapital were selected as the preferred debt provider. To support the process HMT also provided financial modelling services and the new funding will be utilised to accelerate SmartComm’s growth ambitions.
Steve Worrell, CEO of SmartComm commented:
“HMT took the time to understand SmartComm’s services, the cash profile of our contracts and market proposition. With their expertise and professionalism, they gave invaluable support and guidance which enabled SmartComm to obtain a flexible financing package which will enable the business to execute its next growth phase. We look forward to working with Andrew, Ricky and Luisa again in the future.”
Ricky Lane, Director at HMT commented:
“It has been a pleasure supporting a company as energetic and ambitious as SmartComm secure debt funding to support their continued growth ambitions. eCapital have provided a flexible funding solution which will support the working capital requirements of the business as it continues to grow its customer base and work on larger scale projects across the UK and into Europe.”
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