8el ranks 28th in Sunday Times Tech Track 100

Posting an average annual sales growth of 105 percent over the last 3 years, 8el is the 3rd fastest growing Telecoms business in the Sunday Times report and a very respectable 28th overall. Funding overview Following a 12 month gestation period when the majority of the planning was completed, 8el was founded in November 1999 and officially began trading in February 2000. To date, the company has successfully completed a number of investment rounds, each at a higher valuation and has been entirely funded by over 150 private investors.

8el has achieved rapid organic growth since 1999 and is now moving into a position of operational profitability.

A leasing company was formed in August 2004, again funded by private investors to provide asset finance for the purchase of Customer Premises Equipment (freeports) used for the provisioning of customer solutions. Prior to this, all equipment was purchased by and is owned by 8el.

With no other external debt apart from a privately placed Loan Note, the company is ideally positioned to accelerate its expansion into the UK mid-corporate sector with its voice and data services.

For further information on the company's financial and funding structure, please contact the Financial Director, Martin Gray.