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South East Growth Fund
2nd Floor Orbital House
85/87 Croydon Road
Caterham, Surrey CR3 6PD
t: 01883 337111
e:mail@segrowthfund.co.uk
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Date of Initial Investment:
Sector:
Product/Service:
Stage:
Location:
Website:
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06 January 2006
Other services
Online nationwide access register
Expansion
Bracknell, Berkshire
www.directenquiries.com
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Direct Enquiries Ltd was formed in 2002 to take advantage of recent legislation passed to prohibit discrimination against disabled people. The company provides an online directory, containing information regarding the provision of access and other facilities for disabled people by UK businesses. The register is free to use, with retailers and other businesses paying an annual subscription fee to register their information.
Following some early success, with a host of major retail and leisure groups registering each of their operational sites, the team were keen to obtain further investment to enable them to implement their exciting plans for growth. After being introduced to the team by their corporate finance advisors, SEGF won the mandate for the business against a number of other venture capital groups.
SEGF initially invested £250,000 in January 2006 to support the continued growth of the business and replace some early angel investors. As envisaged at the time of the original investment we subsequently invested a further £250,000 in July 2006 to provide additional working capital. |
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South East Growth Fund is managed by West Midlands Enterprise Ltd. West Midlands Enterprise Ltd is a company registered in England No 1616121, registered office: Wellington House, 31-34 Waterloo St, Birmingham, B2 5TJ. Authorised and regulated by the Financial Services Authority in the conduct of its designated investment business. |
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