The Summit Group Limited

Summit originally agreed to invest £75,000 in 1998 to assist Guy Stanford and Simon Wright to purchase a business to enable them to provide outsourced sales services; and to provide additional working capital to enable the business to expand.

Over the years since then the concept of an outsourced sales service and its method of delivery has been honed and refined; and the revenues have grown significantly. In the year to 31 March 2006, Tennyson achieved sales of £3.8 million and a pre-tax profit of circa £650,000. Along the way it has won business from Cable & Wireless, BT, Royal Mail, Nuffield Hospitals and Accenture.

Summit has helped its growth through the provision of ad hoc working capital facilities to enable expansion to occur as and when necessary, through the acquisition of new premises and increased staff. Summit’s working capital facilities and its initial investment have all now been repaid.