The Technology Group appoints Garbutt + Elliott ahead of future acquisitions
We have a clear direction and believe that with Garbutt + Elliott’s support and advice we will strengthen our national presence and successfully integrate our acquisition strategy Jonathan Marsden The Technology Group
Leeds-based business communications specialist The Technology Group has appointed Garbutt + Elliott to provide accountancy services and business planning advice as it looks ahead to future growth and acquisitions.
The family run business, which was founded by Jonathan, Richard and David Marsden in 2011, provides the latest in market-leading business telephony, internet and mobile communication solutions, including cloud-based voice over internet protocol (VoIP) services.
In October 2017, The Technology Group completed its first acquisition, Exchange Comms, a B2B telecoms services provider for over 25 years with more than 150 customers across the South East of England.
The Technology Group now employs 28 people across three offices in Leeds, London and Welwyn Garden City and generated a turnover of £2.6m in 2017 with a projected double growth to £5m in 2018.
Managing director Jonathan Marsden said: “Having achieved phenomenal growth over the past twelve months, and indeed since the business was formed in 2011, our next plans for the future are expansion through acquisitions and continued increase of customers via an effective sales target. We have a clear direction and believe that with Garbutt + Elliott’s support and advice we will strengthen our national presence and successfully integrate our acquisition strategy.”
The Technology Group provides business communications to organisations in a range of sectors, including the NHS and a variety of education institutions such as Rugby School, Selby College and Dearne Valley College. The company is also a leader in the recruitment sector, supplying prestigious clients such as Goodman Masson, the UK’s largest financial recruitment agency.
Jeremy Oliver, partner at Garbutt + Elliott, said: “This is a very exciting time for The Technology Group as it looks to continue the excellent growth it has seen since 2011.
“We are pleased to have been appointed and can draw on our own growth experience, which has seen us employ an additional 29 people in the past 12 months, to help deliver the next stage of their plans.
“We have been supporting family businesses across Yorkshire since 1848 and believe it’s our values and providing the right team for each client, to fully understand their culture and objectives, which helps deliver the exceptional service Garbutt + Elliott is known for.”
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