ThinCats delivers £1.9m funding acquisition package
Top independent London based records management service, Secure Data Management Ltd, has been supported by ThinCats, the leading alternative finance provider to mid-sized SMEs with a £1.9m acquisition funding package to acquire The Chatham Archive & Document Storage Company Ltd.
Secure Data Management specialises in providing offsite storage services to some of the UK’s best-known brands, including professional services firms, public sector organisations, charities and other corporates. Based in London the business operates five storage sites employing 45 staff, the team have 30 years’ experience delivering secure archive storage, scanning, shredding, tape & document storage, records management storage and wills & deeds storage.
The business sought funding for the acquisition of The Chatham Archive & Document Storage Company Limited, the records management and storage business with sites in London and Kent, and was introduced to funder ThinCats by Charles Davey and Joe Coghlan at Bishop Fleming, accountants and business advisors.
Marc Chauveau, CEO, Secure Data Management: “Our whole team pride themselves on the quality of service that we provide to clients, and as one of the last independent players in the market we are known for our speed and responsiveness. Securing this acquisition funding allows us to extend the reach of our services and offer out the benefit of our experience to a much wider client base.”
Stuart Thompson, director, regional business development, ThinCats: “Secure document storage continues to be incredibly important for a range of businesses and organisations, and the team at Secure Data Management have 25 years of experience in providing a well-respected service. This acquisition puts the business in a great position for the future, with storage facilities strategically placed to serve clients throughout the south of the country.”
Joe Coghlan, corporate finance manager at Bishop Fleming, said: “it has been a pleasure working with Marc and Secure Data Management, raising acquisition finance in the post Covid environment and providing full buy side support to help make this key strategic acquisition happen”.
The acquisition of The Chatham Archive & Document Storage by Secure Data Management has taken place and both companies will now be stronger together, offering enhanced services to the combined client base.