Investment creates 10 new jobs at Denwa
A fast-growing IT and telecoms business is set to create ten new jobs after securing a six-figure investment from Lancashire County Council’s Rosebud Fund.Denwa UK, which employs 20 people in Barrowford, serves a client base throughout the UK consisting mainly of SMEs. Established in 2006 by the current managing director Rob Scott, the company now offers broadband, cloud telephony and a range of cloud-based IT products in addition to the traditional telecoms service.
The company has been expanding rapidly. In the year to May 2013 it increased its customer base by a third while profits doubled. In the current financial year, revenue has risen by 30 per cent and the company is on course to triple profits.Rob Scott said the company wanted to build on this success. “The roll-out of broadband to rural areas is creating new opportunities for Denwa, as is the growth in cloud computing,” he explained. “We call it ‘freedom architecture’ because of the flexibility it offers.
“One in three SMEs is currently using cloud-based products but the market is growing by 30 per cent a year and we want to be part of that. In the longer term however we will also consider growth by acquisitions.“Denwa’s expansion will in turn create opportunities for local people. We are particularly proud of our academy for the way in which it teaches people a trade, and allows them to develop new career horizons.” Paul Taberner of Enterprise Ventures, which manages the Rosebud Fund, said: “Denwa is a forward-looking business in the digital communications sector, which is a priority sector for economic development in Lancashire. The company received a small Rosebud loan in 2010 to help with its development. This latest Rosebud investment will provide additional working capital to fund its expansion.”