Saturday, June 19, 2021

car care specialist targets £2.3m turnover following latest funding

A new platform for car care professionals – which has achieved 300% revenue growth in the last three months – is now on the hunt for its next phase of funding, thanks to the backing of Leeds-based tech specialist, IDS Group.

Wash Doctors is the brainchild of entrepreneur Will Mapstone. Launched this spring, the digital booking app has already been taken up by 65 valeting, detailing and smart repair companies, and there are bold plans to expand throughout the UK and America by the end of 2022.

The concept behind the system, is to better connect car care professionals with their customers, in an industry that would typically make such tech inaccessible for smaller organisations and sole traders.

Having tested market demand, Wash Doctors secured one of the first places on IDS Group’s tech accelerator programme.

Investing £220,000 of resources into the project to date, the software development and system integration specialists overhauled the back-end of the prototype to build a truly robust and scalable SaaS (Software as a Service) product capable of significant growth – irrespective of the volume of data it contained. The app’s inclusive interface is also user friendly regardless of people’s digital literacy.

And now the plan is to hit £2.3 million turnover in the next 12 months, while unlocking the growth of the car care industry too.

“Intuitive booking systems in the automotive sector, simply aren’t fit for purpose for smaller organisations – certainly if they’ve a limited budget for such tech,” said founder Will Mapstone.

“We therefore sought to develop a subscription-based product that gives businesses – and their customers – access to a professional booking platform, rich in features specific to the work they do, so that they can run busy yet efficient organisations, and grow.

“But while our inaugural market testing proved the demand was there, we needed a technical development partner who could take the business to the next level.

“As a start-up, one of the first questions you get asked is – how is the technology built? With the backing of IDS we now have the credibility to answer that with confidence, which settles a lot of investors’ nerves.”

Nick Halliday, the entrepreneur behind IDS Group’s tech accelerator programme, added: “There are some extremely exciting things happening in the world of SaaS right now – the tech sector has certainly stepped up to the challenges imposed by the pandemic.

“But we repeatedly find that bootstrapped businesses are prevented from reaching their full potential – or at least slowed down – because entrepreneurs are forced to make short-term decisions that are either at odds with longer-term risk mitigation, or that fail to capitalise on true market potential.

“By becoming an invested resource in Wash Doctors, we’ve taken on a lot of the risks – alongside Will – while enabling him to take a far more comprehensive, automated product to market, at pace.”

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