A Yorkshire company specializing in broadband and cloud services for schools across the UK has successfully secured a £1m investment from NPIF II – Mercia Debt Finance and Mercia’s SME Loans fund. This funding will provide Talk Straight with the necessary working capital to support its growth post buy-out and enable the company to strengthen its position in the market.
Under the new ownership of David Tindall, Talk Straight aims to expand its reach and enhance its services for over 2,500 schools and academies. The company’s unique cloud-based solutions have allowed it to maintain a leading position in the industry, with schools comprising 90% of its customer base.
Founded in 2005, Talk Straight has experienced steady growth, with a notable 15% increase in turnover to nearly £11m in the year ending May 2024. The additional funding will facilitate the creation of six new jobs, as well as support the company’s sales and marketing initiatives.
David Tindall, CEO of Talk Straight, expressed his optimism for the future, stating, “This funding will enable us to continue our growth and pursue our aim to become the largest provider of broadband to schools in the UK.” With the support of Mercia Debt Finance, the company is poised to capitalize on the expanding market opportunities and solidify its standing in the education sector.
