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RAISING FINANCE DEAL DIRECTORY
Accessories 4 Technology Pennine Telecom secures
receives funding £750k banking facility
This announcement appears as a matter of record only This announcement appears as a matter of record only
Legal adviser to Accessories 4 Technology: Funding provided by:
Financial adviser to the management team:
Financial adviser to Accessories 4 Technology:
Legal adviser to the funder:
GAME ON FOR ACCESSORIES 4 TECHNOLOGY PENNINE TELECOM CALLS ON £750,000 FACILITY
Video game accessories Managing partner Paul O’Brien Telecoms firm Pennine Telecom, ensuring that the necessary
business Accessories 4 commented, “This facility will whose clients include British procedures under the
Technology (A4T) has secured provide the finance that this Nuclear Group and Blackpool Companies Act 1985 were
a £4 million funding boost entrepreneurial company needs Borough Council, has secured complied with and that the
from the Royal Bank of in order to develop and fulfil its £750,000 from Royal Bank of security in favour of RBS was
Scotland (RBS) to help with undoubted potential.” Scotland to back its future properly registered at Companies
its expansion targets. North West law firm Farleys expansion plans. House accordingly.
Bolton-based A4T supplies Solicitors LLP provided legal The Bury-based company
gaming accessories including advice on all aspects of the specialises in supplying, “As we take on more work, it’s
steering wheels, speakers, golf deal, with the legal team being installing and maintaining essential to have the necessary
clubs and fishing rods for led by partner Ian Liddle who telephones, wireless networks funding in place”
gaming platforms such as Sony commented that “Farleys has to provide internet access and
Playstation and Nintendo Wii. been fortunate enough to radio systems. Thompson Jones LLP, which
Founder and managing act for the company since Pennine Telecom was bought had previously advised the
director Andrew Shephard its inception. by a management team led by management team on the 2003
commented: “As we secure an “The facility offered by Andrew Roberts in 2003 and buy-out, was engaged to assist
increasing number of quality RBS in a very challenging has a £6.2 million turnover. in securing Pennine’s new
licences, it is essential to have marketplace is testimony Roberts said, “As we take on banking facility.
the necessary funding structure to the commitment and more work, it’s essential to have John Stone, who led the
in place to cover the cost of professionalism of the the necessary funding in place.” team providing financial
our operation.” directors and staff at A4T. Corporate solicitor Shahid assistance, commented: “We
Manchester-based chartered “Farleys is proud to be Azam from Clough & Willis are extremely pleased to see
accountant and business associated with them and was instructed by Royal Bank of Pennine’s continued success
adviser TFD Dunhams provided wishes them well for their Scotland to oversee the financial and are proud to be part of its
financial advice to A4T. continued growth.” ■ assistance documentation, advisory team.” ■
Mergers & Acquisitions 61
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