International expansion plans for thevoicefactory after £500,000 Finance Wales investment
Communications company, thevoicefactory (TVF) is planning an
international expansion thanks to a £500,000 loan from Finance
Wales. The deal will create six new jobs here in Wales; the
company currently employs 24 staff.
Based in Nantgarw, Cardiff TVF provides a variety of integrated
communications products to the hospitality, leisure, automotive and
legal sectors – they are the only UK communications company to
offer white label communications solutions to the market. The
expansion will see the company move to bigger premises, with new
offices opening in March.
The business currently operates in 21 European countries
including France, Germany and Italy and recently launched in the US
where they have already opened their first two bases one in Florida
and the other in California.
Managing Director Paul Harrison said: “We have grown
significantly over the last three years and with the investment
from Finance Wales we are able to go for international growth in
the US and Asia. Our international growth plan will lead to more
jobs in both the US and here in Wales.”
Finance Wales Senior Portfolio Executive Leanna Davies said:
“We’re pleased to be backing a dynamic business in a growing
sector. TVF has a capable and insightful management team led
by Paul Harrison, and has the vision and technology to achieve
their ambitious growth plans.”
Finance Wales was introduced to TVF by Knight Corporate Finance
who helped structure the deal. Paul Billingham Director said: “TVF
is a fast growing company but was constrained by a lack of funding.
We introduced the business to Finance Wales who understood their
requirements quickly and structured a funding package that will
enable the business to grow and develop.”
Funding for the deal came from the Wales Business Fund, a
European Regional Development Fund and Welsh Government-backed