Nephos Secures Massive Loan from HSBC to Keep Teams Growing Amid Pandemic
Central London‑based tech consultancy Nephos Technology rode through COVID’s turbulence thanks to a seven‑figure cash injection from HSBC UK via the Coronavirus Business Interruption Loan Scheme (CBILS). The loan not only protected 28 valuable jobs but also steadied the company’s cash flow during the health crisis.
New Funding, New Plans
- Loan fuels a bold ambition: double revenue in the next three years.
- Expanding geographic footprint – more UK offices, international reach.
Who Are They?
Nephos partners with data‑heavy giants like Condé Nast and the London Stock Exchange, turning raw numbers into game‑changing innovations. In the last four years, the firm’s growth exploded by 450 % – a staggering rate that underscores its market traction.
CEO Says
Michael Queenan, co‑founder and chief executive, shared his perspective: “Lockdown threw an unexpected curveball our way, but we pivoted fast to support both our employees and clients. HSBC’s loan gave us the flexibility to tackle day‑to‑day operational hurdles while staying laser‑focused on our growth vision.”
Bank’s Perspective
Cameron Rathwell, Area Director and Head of Corporate Banking at Thames Valley, noted, “Nephos has grown into a leading data consultancy. We’re thrilled to back the company and help it keep its expansion plans alive, both domestically and abroad.”
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