ThinCats, a lender to mid-sized SMEs, has provided a £3.4m funding package to support integrated safety and security solutions business Total Integrated Solutions Limited (TIS) with its future growth plans.
Mansfield-based TIS designs, installs, maintains and services integrated safety and security solutions across a broad range of sectors including retirement villages, open space CCTV and Smart City installations, the Ministry of Defence and further education.
Over the past nine years, shareholder and CEO James Twigg, has successfully expanded the technical capability of the business and significantly grown revenue and profitability. Backed by Key Capital Partners, TIS’s growth strategy will be underpinned by investment in marketing and sales resource and bolt on acquisitions which enhance its product range, increase geographical presence and secure the supply chain.
ThinCats were introduced to TIS by Matt Tice, Investment Director at Key Capital partners, with legal support provided by Paddy Sturman of Irwin Mitchell. TIS were supported by Andrew Fordham of Addleshaw Goddard on the transaction.
James Twigg, CEO, TIS said: “I am delighted to be working with ThinCats on the next stage of our growth. With great backers in KCP, we also wanted a funder that also understood our needs and shared our passion and ThinCats have lived up to that expectation. The funding will bring many opportunities for my incredibly talented team to grow the business as we strive together to really make a difference to our customers strategies, assets and people.”
Matt Tice, Investment Director, Key Capital Partners; “It is fantastic working alongside a talented entrepreneur in James and playing a part in enabling them to continue to grow the business. We have enjoyed working with ThinCats and the fact that a funding package was agreed expeditiously and processed in a timely manner is testament to the ability and professionalism of Ben and his team.”