MergedComms targets national growth and job creation with £60k loan

Telecommunications service provider MergedComms Ltd has secured a £60k Regional Growth Fund loan to create jobs and drive a national rollout of one of its core products.

The Manchester-based firm will use the six figure funding to launch its Telux HD voice over IP (VoIP) platform, hire an additional 19 members of staff and safeguard 10 existing jobs.

The firm, co-founded in 2013 by its managing director, Murray Leach, plans to unlock growth by investing in new advanced marketing software.

Murray commented: “With Telux HD we really wanted to create something aimed at supporting businesses by making telecoms simple and transparent.

“Traditionally, customer issues in this market are that telecom solutions are unnecessarily complex, expensive, inflexible and technically focused rather than customer centric.”

He added: “The loan from BFS enables us to invest in our products and our people to compete on a level playing field with the bigger suppliers who we don’t feel offer good value for money, service or competition.”

The cash was secured through loan provider Business Finance Solutions (BFS), which is part of the Manchester Growth Company.

BFS loan manager Nathan Wightman commented: “[MergedComms has] already made a significant impact on the VoIP market in the North West and this loan will help them to achieve the same nationally, by bringing on board another 5,000 active customers over the coming year.

“Telux also illustrates just how well the Manchester Growth Company business support process works - they were referred to BFS by Co Angel after our analysis showed that a loan would be a better long term solution for them than a syndicate investment.”

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