Client profile: Aiden Flynn – Exploristics

Business

Aiden founded Exploristics 5 years ago and has had fantastic growth. His business has doubled in size every year, with a revenue of more than £400,000 in the last financial year. The profit generated from Exploristics, is re-invested in research and development of software to optimise the design and analysis of clinical trials.

Funding needs

To invest in marketing and computing infrastructure Aiden needed £80,000, but was turned down by banks as he did not meet their lending criteria. The re-investment of Exploristic’s profits in research and development was not taken in to account so Aiden looked at alternative funding options.

Result

Once Aiden had contacted pensionledfunding.com, the process was very straightforward. Aiden is now able to appoint someone to a marketing position and install state-of-the-art computing infrastructure to facilitate the growth of the business.

Going Forward

2015 is set to be a big year for Exploristics as they move from selling low margin services to high margin products. Their services business is expected to continue with its rapid growth, and the launch of their first product will accelerate this growth.