IT business set to bloom following Rosebud investment

Barrowford-based IT and Cloud Services company Denwa has received £367,000 in funding from Lancashire County Council as part of its Rosebud Finance programme.

Denwa, which was founded in 2006 by chief executive Rob Scott, expects to add 20 employees to its current payroll of 30 staff with this latest round of investment.  The company provides cloud-based computer and data storage systems, along with extensive telephone hosting and maintenance services for clients across the nation.

Taking a keen interest in the development of local young people, Denwa has also recently established a training academy in an effort to cultivate the skills of budding sales executives, a step which reflects expectations to double turnover in the coming year.

If your business is looking to expand, contact Jenny Burke, a solicitor in the Corporate & Restructuring department, specialising in corporate transactions and business structures, on 0800 689 0831 for more advice on the funding options available and how you can help your business grow.

Alternatively, take a look at our article on the Rosebud Finance scheme and an overview of the different routes that your business can take to raise finance.

Jenny Burke

About Jenny Burke

Jenny Burke is a Solicitor within the Corporate & Restructuring department at Forbes Solicitors and assists business clients of all sizes from a range of sectors with transactional and advisory work. Jenny’s blogs cover her specialisms of mergers and acquisitions, corporate restructures and re-organisations and partnership and shareholders agreements.

This entry was posted in Corporate & Restructuring and tagged , , , , .

Leave a Reply

Your email address will not be published. Required fields are marked *