Business Breakfast: New investor joins Harrogate IT company

It’s time to join the Stray Ferret Business Club. The fourth in our series of networking events, with Banyan Bar & Kitchen, is a breakfast event on April 27 from 8am.

Don’t miss out on this chance to network with businesses from across the Harrogate district. Get your tickets by clicking or tapping here.

A new investor has joined an IT hardware company in Harrogate.

Ryan McCarry has made the investment in Intelligent Servers and acquired a minority shareholding in the business amounting to a 14% shareholding with follow-on funding.

Mr McCarry, who founded Sleek Networks and was chairman of Concepta Capital, will also join the firm as a director and chairman of the board.

Andy Hughes, founder and chief executive of Intelligent Servers, said:

“Ryan brings a wealth of knowledge to our business and board. His appointment comes at a time when we plan to expand our services and reach to achieve our revenue target of £22 million in the next three years. 

“We are delighted to welcome him to our team and look forward to working closer together.”

Mr McCarry said:

“I am thrilled to be joining Intelligent Servers as a shareholder and chairman. Having worked with Andy over the last year or two I know the company has a great culture, solid foundations, fast growth and huge potential. 

“Intelligent Servers is very much a sustainable technology business with strong ESG credentials and significant growth potential in the UK, Europe and globally. The team have a fantastic reputation for delivering high quality services to their clients and we plan to achieve our targets through organic growth and selective acquisitions.”

Knaresborough company sets up employee ownership trust

A Knaresborough company has set up an employee ownership trust.

Consultancy service The Whole Systems Partnership, which is based on York Place, announced the move last week.

Peter Lacey, owner of The Whole System Partnership, and James Wright sign the trust papers.

Peter Lacey, owner of The Whole System Partnership, and James Wright sign the trust papers.

An employee ownership trust sees staff at a company take shares in the business.

The move will see James Wright, Mark Gregson and Dr Pauline Milne MBE become initial directors of the trust at WSP.

Mr Wright said:

“I have always enjoyed being part of the WSP team and to be part of the management team only makes me more excited for the future.”

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