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“Serious and organised crime costs the UK billions of pounds every year and our anti-money laundering supervision is a vital tool in combatting that.”
In addition to the named businesses, another 179 companies received smaller fines totalling more than £200,000 for rule breaches.Business communications specialist set for growth with multi-million pound investment
Wakefield-based business communications specialist NGC Networks is targeting £10 million turnover in the next year, backed by significant new investment from CloudClevr.
NGC Networks was established 20 years ago by joint Managing Directors Dean Harrop and Nikki Guest and has grown to be a leading player in its sector across the North of England.
The company employs 45 people and has more than 800 customers, providing them with telephony, unified communications, connectivity, mobile, contact centre solutions and managed services.
CloudClevr is a new venture with majority investment from specialist investment business Rigby Technology Investments (RTI), part of Rigby Group PLC, a £3.3 billion privately owned technology group and one of Europe’s leading technology investors.
NGC Networks will use the investment to drive its growth across Yorkshire and the North, increasing its customer portfolio, capability and creating jobs in the coming 12 months. CloudClevr will support NGC with enhanced cloud-based propositions and investment in sales and marketing, enabling NGC to concentrate on customer management, sales and technical leadership.
Dean Harrop, joint Managing Director of NGC, said: “We are delighted to secure the investment and support of Rigby Group and to benefit from the ambition and technology investment going into CloudClevr. It’s great for our colleagues who will benefit from being part of a growing, national business allowing them to develop and succeed in an ever-changing marketplace.”
Nikki Guest, joint Managing Director of NGC, said: “We are committed to remaining our customers’ trusted advisor, helping them navigate the growing complexity of converged IT and communications. I’m very excited about the market opportunity we have ahead and to continue building NGC as a powerhouse of the northern region as part of CloudClevr.”
Steve Harris, CEO of CloudClevr, said: “I am pleased to be working alongside Nikki and Dean. In NGC, they’ve created a fantastic business with strong potential. They have a brilliant team in place and I’m really looking forward to starting this new journey together.”
The investment in NGC is the first in a series of strategic investments which will see CloudClevr emerge as a next generation managed services provider focused on delivering converged Cloud, IT and communications services.
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- Robotic drill and guided hoe – an autonomous robotic vehicle which can precisely place seed in the ground and return to mechanically weed – this helps to reduce herbicide usage and associated costs. Ten applications accepted with a value of £250,000.
- Rainwater harvesting tanks with a minimum capacity of 5,000 litres which will help to reduce water scarcity for farmers in the summer months. This equipment will now benefit 86 recipients with a value of £110,802.
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