Everything Tech Group is a UK-based IT services provider offering businesses of all sizes a portfolio of managed services through four distinct specialist units: Cloud & Remote Desktop services, Networks & Security, Voice & Contact Centre, and IT support. Over 100 Everything Tech employees across the UK serve customers in a range of sectors and industries.

The company, headquartered in Manchester, is aiming to grow through acquisitions. Since its inception in 2020, Everything Tech has already integrated four IT firms to complements its offering with a fifth recently being acquired with NatWest’s support. 

Targeting further acquisitions in the not-so-distant future, Everything Tech started a regular dialogue with NatWest to explore the most attractive financing options to fund their acquisition strategy as well as refinance pre-existing debt.

Being a new-to-the bank client, the NatWest team worked closely with Everything Tech to understand their business in detail including their growth strategy; present and future funding needs; and operational banking requirements. This allowed the NatWest team to structure a financing facility that provides the IT company with immediate support as well as longer-term capacity as the business grows.

Based on these discussions, NatWest agreed to provide a £9.5 million term loan with a three-year maturity - at a lower cost than Everything Tech’s previous facility. 

Mark Allen, CFO at Everything Tech Group, commented: “We are very pleased to have agreed new facilities with NatWest, which not only serves to reduce our funding costs but also provides extra capacity for future acquisition opportunities. We are excited about our new partnership with NatWest and thank them for their excellent guidance and support.”

Tom Murray, Vice President at UK Financing Solutions, NatWest, said: “We are absolutely delighted to be able to support Everything Tech Group with this facility at a relatively early stage of their journey, and we look forward to seeing our new customer go from strength to strength as we continue to support their growth. This transaction is one example of how we are championing ambitious businesses in the mid-market with smart financing solutions thanks to our One Bank approach, with specialist teams working closely together to deliver the best outcome for our customer.”