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Technology recruiter Nine Twenty has secured itself a £500,000 asset-based lending line from finance provider IGF to support the company’s ongoing extensive growth.
The loan has created significant recruitment opportunities, with Nine Twenty currently finalising three senior appointments and opening a new office in Edinburgh in 2017. This forms part of the company’s wider expansion programme, focusing on its three main divisions: Technology, Engineering and Manufacturing, and Professional Services.
Its leadership under Gordon Brown, CEO, and financial injection from IGF Group has seen the value of the company increase 10-fold in five years.
Gordon Brown: “IGF Group was a natural choice for us, as we were looking for a business partner, not just a financier. Having the whole team sitting alongside us on our journey to growth has been an enjoyable and exciting experience, providing the support and guidance we have needed.”
Alan Anderson, Director of Scotland, IGF Group, said: “Nine Twenty has an impressive reputation and ambitious growth plans, and has recognised the importance of buying in to its people in order to expand sustainably. We’re extremely pleased that IGF Group could provide not only the finance, but also the advice required to make this a reality.”
This deal comes as the latest in a string of partnerships from IGF Group, which is rapidly increasing its reach among businesses in Scotland.
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