PCR Tech and IT retail, distribution and vendor news
VIP Computer Centre has secured an eight-figure funding package from NatWest and RBS Invoice Finance (part of NatWest Group) to meet significant product demand and drive forward its ambitious growth plans.
The UK independent technology distributor, will use the finance to fulfil customer and partner demand after experiencing 30 per cent turnover growth in its financial year that ended in June.
The funding will also support investment into the firm’s infrastructure, as well as the expansion of its product range to offer customers more variety and continue year-on-year growth.
Company founder, Jatti Sahni said: “Our success is attributed to our flexible business approach, strong vendor relationships and dedication to helping retailers of all sizes to grow their businesses. NatWest has been a true partner during the last few months, enabling us to continue to achieve growth despite such a challenging climate. We look forward to a long and mutually beneficial partnership.”
Ian McGee, NatWest Relationship Director, Steve Phillips, Business Development Manager and Martin Firkins, Senior Relationship Manager at RBS Invoice Finance (part of NatWest Group), have supported VIP Computer Centre since April.
Phillips said: “In April, we helped VIP Computer Centre move its banking and funding facilities to NatWest and RBS Invoice Finance to ensure the firm was perfectly positioned to capitalise on increased demand. The business was already seeing year-on-year growth and this trajectory has continued over the last six months. We will continue to support Jatti and the team as they expand the business going forward.”
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