A BOLTON company which makes accessories for video games, including the popular Nintendo Wii console, has secured a new £4m finance package from the Royal Bank of Scotland group (RBS).
The investment will help Bolton-based Accessories 4 Technology (A4T), a specialist video gaming accessories company, to support its rapid business growth.
Launched just four years ago, the company has established itself as a market leader in accessories for the video games industry.
A4T’s turnover has grown by 50 per cent year on year, to reach £12m during 2008 and is predicted to rise to £18m next year.
The Bolton-based company produces a range of innovative video gaming accessories. Earlier this year its ‘2.1 Speaker System’ range was officially endorsed by Nintendo for use with their hugely popular Wii console and, as a result, the speakers are now exported worldwide.
A4T also markets a range of other accessories to complement the Wii console including a steering wheel for driving games, as well as other products for Nintendo DS, Sony Playstation and PSP.
A4T is also at the forefront of character licensing in the gaming sector, having signed an agreement with Twentieth Century Fox to produce a range of official Simpsons branded accessories for the Playstation and Nintendo consoles. These include carry cases, bags and games controllers.
The company, which employs 12 people, moved to a new HQ in Bolton town centre earlier this year. The RBS funding ensures A4T has the necessary capital in place to continue with its expansion plans.
Andrew Shephard, Managing Director of A4T, said: “The business has performed very well and we have made great progress in a short space of time.
“We are one of the leading gaming accessory providers in the UK and our goal is to build upon this success and become a major player on the world stage.
“As we take on more work, its essential to have the necessary funding in place to cover our overheads. This facility is a good solution and will support our future growth plans.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article