High growth payment processing firm Card Industry Professionals has opened a new head office as it aims to double staff numbers, while plotting international expansion.
The Old Granary at Aylesby, on the outskirts of Grimsby, has been taken on by the 12-strong team, which has just brought in seven figure revenues for the first time - four years on from launch.
And it aims to replicate the rate of expansion at the sympathetic rural conversion with the 130 self-employed field sales representatives it relies on - while exploring the potential to directly employ more in key areas.
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Ciaran Savage, founder, said: “Everything is coming together, with a solid foundation, and we are going to scale and grow from here.
“Cash is declining, contactless payment is increasing, and our merchant businesses are growing month-on-month. Recurring revenues have grown over 150 per cent in the last 12 months, and in August we ended the year with revenues of £1.2 million.
“How we will grow and expand further was the question, and we needed dedicated space. We see this as a long term head office. We want to be based here, our heritage and families are here, it is highly suitable for us all and we expect to be here for many years to come.
“There are also a lot of talented people because of the history of the sector in the area.”
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It is just one of several businesses with links to card processing pioneer CardSave, with Mr Savage’s mother, fellow director Lyn Savage, an early employee under entrepreneur Paul Betham. A legacy is a niche cluster in supplying the tools and back-office support services for retail, hospitality and service payment.
Looking beyond North East Lincolnshire, having moved from The Innovation Centre managed office suite at Europarc, the Forbes-listed 30 Under 30 member in the European finance sector, said: “We have plans for spring next year to open in the Republic of Ireland and start there, then there could be further expansion into Europe in future - but right now we’re focussing on the 海角视频.
“There is so much more potential to grow and scale. There are hundreds of thousands of merchants out there who we can support and give help and guidance to. We need to keep growing so we can get in front of these people.
We have 130 people in the field, and we are looking to double the size of that team.
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“This space gives us the ability to grow that team, we have dedicated in-house recruitment now and we are looking to employ a salesforce too. Part of the plas for the next 12 months in core cities and key regions. They would complement the self employed representatives.”
Utilities and phone sales provide strong backgrounds. “We know we can educate and train, we have the support mechanisms in place,” Mr Savage added.
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Employees and businesses contributing to the move gathered for the celebration, with Mr Savage praising the efforts of Grimsby firms LCS Group and Townsend for their respective IT and electrical support.
A North East Lincolnshire Council grant was also welcomed, with thanks to Steve Parker.
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