A Derby-based Microsoft reseller has secured a seven-figure stocking facility with ThinCats to support public sector licensing needs.
The alternative lender has provided the financial boost to JJH Enterprises Ltd, which trades as ValueLicensing, to support the company’s continued growth.
The business was founded in 2009 and specialises in the procurement and selling of pre-owned Microsoft Volume Licences predominantly to the UK public sector.
Licences are sourced from companies throughout Europe that no longer require them, through moving to the cloud or from insolvencies, and offering clients significant savings when purchasing software.
The ValueLicensing client base is made up primarily of public sector bodies, including NHS trusts and local councils.
Deputy managing director David Hubbard said: “We really appreciate the flexibility and understanding that the ThinCats team was able to offer, especially in the current climate, enabling growth for businesses such as ours despite extremely trying circumstances.
Head of sales Nick Humphries added: “We buy significant volumes of licences, which enables us to actively support many public sector organisations with the software that they need with significant savings – over £1m for even a medium sized council.
“ThinCats facilitated this funding in the middle of a pandemic, a particularly testing time for all involved, not least the organisations that we support.”
Ben Kimball, director, regional business development, ThinCats, said: “ValueLicensing were first supported by ThinCats back in 2016 to enable upfront stock purchases, a necessity for their business model.
“We are delighted that ThinCats can continue to support companies like ValueLicensing, even given the current difficult global situation.
“They provide vital support to the NHS and local councils to ensure operational levels, and we are proud to help facilitate that.”