News

Back to News

30th January 2019

Software house expands to help businesses tackle customs post-Brexit with backing from FW Capital and NPIF

Tags

Greater Manchester LEPNorthern Powerhouse Investment FundNPIF FW Capital Debt Finance

A company which develops software solutions for the import and export community is expanding its software and consultancy services to help businesses navigate Brexit, following a loan from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund (NPIF).

Wigan-based Langdon Systems was formed in 1984 to offer one of the first customs software solutions on the market. The company provides tailored duty management systems and specialises in design, development, implementation and ongoing support, as well as customs expertise.

The majority of its clients are UK-based companies which trade internationally including Tesco, H&M, Arcadia Group, Intel, Debenhams and SMEs across a range of sectors.

FW Capital’s investment will be used to recruit new staff and further develop its software and consultancy services, including a range of events and training to help businesses with the significant changes to the customs process following Brexit.

Sue Barnard, Senior Manager at British Business Bank, said: “Langdon Systems has identified the real need to support and guide companies who trade internationally. With a high calibre portfolio of clients, including Tesco, Arcadia Group and Debenhams already on board, Langdon Systems has huge potential that will be further realised and propelled with the support of this NPIF investment.”

Director Paul Carroll said: “Dealing with HMRC can be daunting for smaller businesses. It’s a highly regulated industry where procedure and legislation is changing all the time.

Particularly now, with the uncertainty that may be caused by our departure from the EU, it isn’t always feasible to stay abreast of it all so it helps to have an expert in your corner.

“Brexit, regardless of the final outcome, requires a degree of preparation. We’re seeing an unprecedented demand for services and we need to scale to support that. We want to meet the growing need for customs expertise and we’re readying ourselves for what’s set to be a busy time for the business.

“We believe very strongly in our products and services and in the quality of our expertise and it’s and it’s a great endorsement to have the Northern Powerhouse Investment Fund behind us, supporting our direction and wanting to help us achieve our goals.

“The funding from FW Capital has been crucial in enabling us to enhance our offering and we are delighted to have them on board as an investor.”

FW Capital investment executive, Loz O’Connor said: “Langdon Systems is a leader in its field with around 25% of all UK customs declarations submitted using its software including some of the largest companies in the UK.

“Businesses that trade in Europe are understandably concerned about potential changes within the Customs Union and are seeking expert guidance to help them.   This increased demand presents significant growth opportunities for Langdon Systems and we are really pleased to provide investment to develop the software and consultancy services.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

FW Capital Limited is regulated by the Financial Conduct Authority as a small authorised UK Alternative Investment Fund Manager under firm reference number 506719

Editors Notes

 

Find Out More

If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area

microfinance

Microfinance

£25k – £100k

Learn More
debt finance

Debt Finance

£100k – £750k

Learn More
equity finance

Equity Finance

£50k – £2m

Learn More

Follow npifbbb

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Northern Powerhouse Investment Fund news and information