Trojan, the award-winning Swansea-based electronics services provider, plans to double its annual turnover within the next three years with the backing of an equity investment from Finance Wales.
Trojan will use the six-figure investment to scale-up its operations for growth from its purpose-built 180,000 sq. ft. facility in Swansea’s Kings Dock, where it currently employs 150 staff.
The investment will assist the company with the expansion of its contract electronic manufacturing (CEM) department, increased capacity, more capability with investment in new equipment, versatility around complete product build, worldwide B2B or B2C distribution and enhancement of its data destruction unit.
Trojan is now Europe’s largest services group providing multichannel retail sales and fulfilment, CEM, and asset recovery through refurbishment and recoup.
Clive Murphy, managing director of Trojan, said:
“Since moving to our new Kings Dock facility we’ve been able to further develop our services by utilising our increased capacity and developing our bespoke warehouse management and reporting software, which is like nothing else on the market. With Finance Wales’ latest investment we’ll be able to accelerate this development, boosting our growth and allowing us to maintain our high quality service to both existing and new customers.”
“We originally set up Trojan with a loan from Finance Wales 14 years ago, and they’ve been a valued supporter of us ever since, investing in us again last year to help us make the move to Kings Dock. They’re experienced investors, with excellent contacts, and introduced us to our new chairman, Keith Brooks, who has significantly strengthened our board.”
Trojan currently processes over 600,000 items annually for many large FMCG retailers, SMEs and manufacturers. The company also offers UK based CEM services and through its online activities, facilitates the sale of tens of millions of pounds worth of products each year.
Leanna Davies, investment executive at Finance Wales, said:
“Trojan is an established business that’s adapted to changing market conditions to become the market leader and important local employer it is today. The company has a strong, innovative business model with significant future potential.
“We’ve come up with a bespoke equity package that will now enable Clive and his team to ramp up Trojan’s operations and unlock new market opportunities without impacting their cash flow.”