Wallsend Business Expands with Barclays Funding
Posted on the 31 July 2019
Newcastle based business TrackaPhone today announced expansion plans with funding from Barclays.
TrackaPhone was established in 2002 and is located at Newcastle upon Tyne. Established by father and son Phil and Simon Derry and backed by a team that has been together for fourteen years. The business specialises in the protection of people and assets, such as vehicles and other valuable equipment, which are either fixed or mobile. Working with customers in the emergency services, oil and gas, banking, Government, environmental services and healthcare, the business enables customers to cost effectively to roll out a service protecting people and assets at risk in all manner of global markets.
Phil Derry, Chief Executive Officer, TrackaPhone Limited said; “Due to the overall economic situation, growing or even surviving in business over the last ten years has been a real challenge and so we’ve focused on looking after our existing client base. We now feel the time is right to invest for the future and developing more customer driven features will increase our capability and allow us the flexibility to compete for new contracts. Barclays has been our trusted partner on our journey and we’re delighted that they have been able to again support our expansion plans.”
TrackaPhone plans to expand its work with the NHS, Vodafone and the ambulance service and the new developments are pivotal in the company’s expansion plans, particularly in overseas markets such as North and South America.
Katharine Mather, Barclays Business Manager put together the funding package for the deal and said; “At Barclays we’re delighted to be able to help businesses invest, grow and expand for the future and work with entrepreneurs that are looking for new opportunities and require flexible funding options. Phil and Simon really impressed me with their experience in the market and their plans to innovate for the future. With Barclays backing the future looks bright for this ambitious company.”