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Telford Entrepreneur Turns Redundancy into Flying Start for New IT Firm - Business is booming for a Telford company that specialises in IT support. Following support from Business Link West Midlands, (Failure Analysis Service Centre) Ltd took over a second business unit on Telford’s Hortonwood 50 industrial estate on May 1
Telford Entrepreneur Turns Redundancy into Flying Start for New IT Firm

 

NewswireToday - /newswire/ - Newcastle-under-Lyme, Staffordshire, United Kingdom, 2007/05/14 - Business is booming for a Telford company that specialises in IT support. Following support from Business Link West Midlands, (Failure Analysis Service Centre) Ltd took over a second business unit on Telford’s Hortonwood 50 industrial estate on May 1.

   
 
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A fledgling IT support firm in Shropshire is doubling the size of its premises within four months of launching.

Following support from Business Link West Midlands, F.A.S.C. (Failure Analysis Service Centre) Ltd took over a second business unit on Telford’s Hortonwood 50 industrial estate on May 1.

And Managing Director Neil Beeston is already hoping to expand his five-strong workforce of computer engineers before the end of the year.

He explained: “F.A.S.C. began trading on January 2 after four colleagues and I were all made redundant from Celestica, who had decided to close down its UK operation.

“I ventured along to a Jobs Fair at the company when the closure was announced and the rest is history.”

Neil used the redundancy money to set up the company and tapped into external support to put together business plans, a financial forecast and, importantly, secure funding through the Small Firms Loan Guarantee Scheme.

It has been a wise decision with the company on target to exceed £180,000 turnover in the first year and now making the most of expansion into a second 1,500 sq ft unit.

“Business Link West Midlands’ advice proved invaluable and the quality and diversity of consultancy work really helped to give us the edge in the early days,” added Neil.

“I have even been able to access finance through a range of schemes to help accelerate our growth and make sure that we don’t miss out on vital new business opportunities.”

He went on to mention: “I gained a lot of expertise through working for a global electronics company and, by harnessing that with the Business Link expertise, I’ve been able to get off to a flying start.”

F.A.S.C., which specialises in IT product failure analysis, provides service support for a host of clients, including a major Blue Chip computer company.

Engineers work on all types of computing equipment including notebooks, desktops and servers and, through diagnostic testing, they are improving the quality of new computer technology before it reaches the customer.

John Loach, Business Link West Midlands Adviser, played a key role in the project:

“Neil saw a gap in the marketplace and went for it, surrounding himself with former colleagues who he knew could help make the company grow.

“The first four months have been extremely encouraging and, with a number of deals in the pipeline, I can only predict a successful future for the firm and the possibility of more jobs being created by the end of 2007.”

Business Link West Midlands is expected to help over 70,000 businesses and individuals thinking of starting a business with information, with a further 16,000 receiving intensive support from experienced business advisers by 2010.

This level of support is expected to generate a £400m improvement to the economic performance of the West Midlands.

Individuals and companies interested in speaking with Business Link West Midlands should contact 0845 113 1234.

 
 
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Telford Entrepreneur Turns Redundancy into Flying Start for New IT Firm

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