The Channel logo

News

By | Paul Kunert 18th July 2013 11:25

Trustmarque bags £19.5m refinance package from HSBC

'Banking facility to support next growth phase'

Fresh from its recent management buy-out, services-based licensing reseller Trustmarque Solutions has signed a £19.5m refinancing deal with HSBC.

The package was confirmed today a little over a month after top brass at the York headquartered Microsoft Licensing Solutions Partner inked a deal with new VC backer Dunedin to conclude the £43m acquisition.

"The HSBC team was able to provision a banking facility that will fully support the needs of the business as we enter the next phase of our development," said Trustmarque FD Vicky Godliman.

In the last financial year ended 31 August 2012, Trustmarque saw gross profit climb 15 per cent to £15.9m with services and solutions accounting for £7.1m of this.

This was on the back of a 15 per cent sales spike to £131.3m, for those wanting to count the revenues for vanity sake.

The end game for Trusmtarque, and many channel players, is to become less and less reliant on vendor product sales by building a beefier services practice.

Trusmtarque said its public and private sector clients include Capita, Fujitsu and Cap Gemini, the NHS, Ministry of Defence and other local authorities and central government agencies. ®

alert Send corrections

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state