Capital for Colleagues plc (C4C) is an investment company specialising in funding the Employee Owned Business (EOB) sector. Our Corporate team assisted the company with its injection of £250,000 through an equity investment and loan facility for Edinburgh-based Computer Application Services Limited (CAS).
Douglas Roberts, Corporate Partner with Lindsays, commenting on the deal said: “We are delighted to have assisted Capital for Colleagues with this investment in a local and ambitious IT company. We were pleased to be able to support C4C’s strategy of investing in, advising and growing EOBs. EOBs make a significant impact to our economy and are set to become even more popular in Scotland.”
Alistair Currie, Executive Director at Capital for Colleagues, said: “We are grateful for the excellent legal advice from Lindsays and their corporate expertise in the Scottish market was invaluable in ensuring that the deal completed within the planned timescale.”
CAS is a software development company which developed Workpro, a complete case management system for financial services and insurance institutions, as FCA rules on managing complaints become subject to change this year. CAS also provides IT systems and services to MoD training ranges. The company plans for sales to rise to £4m by 2020 by breaking into new markets with this expertise.
