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Posted on February 21, 2018 by staff

Telecoms business aims to double growth to £5m in 2018

The Technology Group reported a turnover of £2.6m in 2017 with a projected double growth to £5m in 2018.

The Leeds-based company founded by Jonathan, Richard and David Marsden in 2011, provides 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. The company now employs 28 people across offices in Leeds, London and Welwyn Garden City.

“Having achieved phenomenal growth over the past 12 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,” said managing director Jonathan Marsden.

The Technology Group provides business communications to the NHS, schools, colleges, and businesses in the recruitment sector.

The business has appointed accountancy firm Garbutt + Elliott to provide accountancy services and business planning advice.

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.”