VIT Security Group Set for Global Expansion with £200,000 Regional Growth Loan from Finance East

From its beginnings as a surveillance and security consulting firm in 2005, the team of security specialists at VIT soon found a gap in the market which they believed they could fill. While advising clients on how to best choose from the systems available, it became apparent that there was not always a satisfactory and evidential security solution for their needs. As such, the management team took the decision to invest the profits from the consultancy business into developing the products that they knew the market was missing.

VIT Security Group Chief Executive, David Harmon, comments: “As a consultant and adviser, it was frustrating not being able to find products to fulfil the requirements of our customers. I had been working as a developer of surveillance systems for 15 years prior to setting up VIT and I was confident that with the right focus, we were capable of producing equipment to a standard that would exceed what was currently available.”

VIT Security Group has now developed into a leading designer, developer and manufacturer of high-end, evidential quality security equipment and systems. Providing military grade products and associated services to government agencies and commercial customers in the UK, VIT has quickly become an established player in this market and is now seeking to expand its already escalating international operations.

David adds: “Our unique ultra-low-light and fog cameras employ world beating technology to produce high-quality, evidential grade images in truly adverse light and visibility conditions. Much of our business to date has come from the UK but there is now a good deal of interest coming from overseas. We have started to trade internationally, but there is much work to do in order to establish VIT as the recognised leader in this industry globally.”

To assist with this expansion in a complex global market that is often dealing with governments, military and other large scale institutions and agencies, David and the team have sought funding that includes a £200,000 Regional Growth Loan from Finance East, which complements over £1million in private equity investment that the company has acquired to date. It is anticipated that this loan will aid investment in sales and marketing to enable further overseas expansion, whilst supporting up-front manufacturing costs to meet major export orders already secured.

Stuart Ager, Senior Fund Manager at Finance East says: “The global market for the security and surveillance industry is substantial and VIT are already starting to tap into this, most recently with a multi-million overseas order newly confirmed. It is always exciting to be supporting local businesses that demonstrate they are at the forefront of innovative product design and development and we are excited to be helping VIT achieve the global customer base warranted by their cutting edge product range.”