Numerica, headed by Levy Gee, revealed last October it intended to secure a £16m facility, but was delighted to have sealed a larger figure, as evidence of the ‘faith shown by investors.’
However, it warned about gaining the wrong gearing, and so it is unlikely the figure will pushed up higher in the near future.
The firm is currently sitting on approximately £10m of its initial £30m floatation purse, while further funds could be raised by issuing more shares.
Peter Jenkins, Numerica group finance director, told AccountancyAge.com: ‘We believe we have the right model, the business is going well and our investors can see that and that is why we have been able to gain this war-chest. We hope to be announcing further acquisitions before our year-end at the close of March.’
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting