Beeks Financial Cloud has grown rapidly since its inception in 2011. It is a technology company serving the financial sector, “so we are as fintech as you get,” says its CEO Gordon McArthur. Its ‘infrastructure as a service’ offer of cloud computing and secure, fast connectivity to enable same-day trading is proving increasingly attractive to a growing number of financial asset classes.
The early growth of Beeks was self-funded and cash-generative, enabling the company to make two small acquisitions. But that was as far as the war-chest went. Beeks needed external sources of funding to help it grow.
From the outset, he was certain that AIM was his preferred route. “We needed a greater profile, which the public markets gave us. We are seeking to grow our international footprint and to build our business with global financial institutions; the credibility of being listed on the world’s most international stock market was very important. The public markets would provide us with the opportunity to raise additional finance for future acquisitions but the management team was able to retain its majority stake in the business.” So certain was McArthur, that he started to talk to nominated advisers when Beeks reached its £1m turnover milestone.