Integrated Ordering Systems Ltd
Raising Finance: £250k Equity and Loan Finance
Integrated Ordering Systems Ltd, better known by its product name “EQ Software”, is a Tamworth based supplier of software and data to the Kitchen, Bathroom and Bedroom market. EQ Software is the undisputed market leader in its sector and its data and software is used to manage the operations of retailers, distributors, wholesalers and manufacturers in the market.
Blue Sky helped the management team of EQ Software to secure a £1 million management buy-out from its parent company (Mereway Ltd) and subsequently raise equity and loan finance (circa £250k) for working capital and growth. Blue Sky also provides post transactional services ranging from serving the board in a non-executive capacity, preparation of statutory and management accounts and company secretarial duties.
What the Client Says
“As part of Mereway we were essentially a small cog in a large wheel. The EQ software was originally developed to sell to Mereway customers only. However, it became quickly evident that it could be effectively used on a much larger scale. Blue Sky provided invaluable support during the MBO process and now supports our business with a wealth of experience, knowledge and wisdom in the role of non-executive chairman.”.
Leigh Martin: Managing Director: EQ Software