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04 May 2012

Retail IT supplier, azurri has a gift for expansion with a £225,000 loan from FW Capital

Press Release 4th May 2012

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, Phillip 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.

Phillip Hargreaves can be contacted on 07879 998251 or 0161 638 9209 and is based at FW Capital's Manchester office at Lowry House, 17 Marble Street, Manchester M2 3AW.

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