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GoReport Growth Accelerates with Investment from Crescent Capital

BELFAST, NORTHERN IRELAND, 6 Jun 2019: GoReport, the developer of market-leading digital building surveying software, has secured a £500,000 investment from Crescent Capital, the leading Northern Ireland venture manager, to support its ambitious accelerated growth plans.

Belfast based firm GoReport has enjoyed significant growth over the past two years, having secured an enviable position as a market-leading developer of mobile digital surveying software to the property sector.

This new investment from Crescent Capital enables GoReport to accelerate growth and take advantage of existing and new market opportunities.

GoReport software enables site data to be easily captured quickly and accurately using a mobile device and generates quality reports from which informed decisions on the management and investment of a property can be made. The solution is used by building surveyors, project managers, fire safety consultants, insurance loss adjusters and many other professions.

Welcoming the investment, GoReport Chief Executive Officer, Anthony Walker said: ‘The property sector is changing at an unprecedented pace. Surveyors face an increasing number of opportunities that are only open to those who can demonstrate ability and experience in using digital technology. As digitisation continues to expand, PropTech is now a more mainstream requirement than an optional extra. We are in the perfect position to take advantage of this fast growing market.’

‘This partnership with Crescent Capital will enable us to add the highly skilled resources and new product development to increase our penetration in the property sector and help fuel our expansion into new markets and territories,’ commented David Bell, GoReport Chairman.

Bob McGowan-Smyth, Investment Director at Crescent, who has joined the GoReport board as a non-executive director, added: ’We back strong ideas and experienced teams. This investment marks a first for us in PropTech. The high-calibre management team at GoReport immediately impressed us as it is delivering notable recurring revenues and strong market growth from a continually growing customer base.’

Notes to Editors:

  • GoReport is the trading name of MobileReport Ltd. Headquarters are in Belfast, with staff in Northern Ireland and Great Britain.
  • Crescent Capital is the leading Belfast based venture capital fund manager.

Modern Democracy Celebrates Successful Delivery of Modern Polling Solution in 2019 UK Elections

NORTHERN IRELAND, May 2019: Modern Democracy is celebrating the successful deployment of its revolutionary new digital technology in the UK’s 2019 local elections.

Established in 2014, Modern Democracy already employs a team of 20. Its award winning Modern Polling platform, the first of its kind, was successfully deployed in 143 Polling Stations in England.

Modern Polling brings an online electoral register to the Polling Station and a dashboard with real time information displaying statistics such as number of ballots and voter turnout.

Modern Polling Dashboard

Founder Siobhan Donaghy says she owes the successful delivery of the Modern Polling software to a loyal and dedicated team:

‘Our people developed the cutting edge software and delivered first class services to our customers. Plus. We’re backed by incredible local support of InvestNI. We also have the confidence of our investors, a number of NI based business angels, and recently completed a £750,000 funding round which was led by Crescent Capital and supported by Techstart.’

Modern Democracy employs more than 20 people in Derry City and continues to expand. Right now, that expansion is creating a number of exciting new vacancies for talented individuals.

Queen’s Award for Shnuggle

NEWTOWNARDS, Co Down, 23 April 2019 – Crescent portfolio company, Shnuggle, has been recognised with a Queen’s Award. 

Picture of Sinead Murphy and Adam Murphy, Shnuggle's founders
Sinead Murphy and Adam Murphy, Shnuggle’s founders

The Queen’s Awards for Enterprise are the most prestigious awards for UK businesses, recognising and celebrating business excellence across the UK. 

Shnuggle has been honoured in the category of ‘International Trade for Outstanding Short Term Growth in overseas sales over the last three years’.


Shnuggle Strikes Green…

NEWTOWNARDS, Co Down, 10 December 2018: another award for Shnuggle; this time as a recipient of one of Crescent Capital’s much coveted Green Bar Awards.

Crescent’s Bob McGowan-Smyth presents the Green Bar Award to Sinead Murphy (Founder/CCO) and Adam Murphy (Founder/CEO)

The Green Bar Award is for companies within the Crescent portfolio that deliver profitability for five consecutive quarters (thereby achieving five green bars in its quarterly performance chart!).

This is very challenging and it’s been over two years since one was handed out but Shnuggle has proved to be up for it and is a most worthy recipient.

Shnuggle has been going from strength to strength under Adam and Sinead’s leadership.

Congratulations to the newest recipient of Crescent Capital’s Green Bar Award.

Shnuggle’s Growth Success Continues With Largest Export Deal To Date

NEWTOWNARDS, NORTHERN IRELAND, 16th August 2018 Crescent’s Shnuggle, the multi award winning clever baby products company, has announced its biggest export contract to date with the world’s leading Asia Pacific distributor, Bloom & Grow.

This latest partnership will see the launch of the Shnuggle brand in Australia as well as supporting further growth of Shnuggle’s Asian market share, reaching a potential population of just under two billion people.

Bloom & Grow kick started the deal by officially launching Shnuggle in Shanghai at the CBME fair in China last month, adding to their ever-increasing global reach.

Bloom & Grow is a significant addition to the ever-growing list of Shnuggle’s export territories and the brand will join other major players in the portfolio such as Skip Hop, Ergobaby, Trunki and Nuby.

Shnuggle currently export to over 35 countries, adding 18 of those this year alone following major launches in America, Canada, South Africa and Japan.

Following launch, South Africa saw two months of stock sell out in three days through distributor Step South and in the USA and Canada, ALCA distribution have already secured listings in Buy Buy Baby, Best Buys and Target.

In South Korea, the Shnuggle Bath is the market leading premium baby bath and continues to grow with the recent launch of new colourways designed exclusively for this market.

Success for the Shnuggle brand is not just through the company’s export division.

The UK business has seen significant growth this year following increased distribution with Mothercare, Mamas and Papas, Argos and exclusive lines at John Lewis.

Sinead Murphy, Co-Founder of Shnuggle commented ‘We are thrilled to announce the partnership with Bloom & Grow. This is a major turning point for the business and to be welcomed by such a large distributor and to sit alongside the number of credible brands in their portfolio is really exciting for us. We have invested heavily into growing the export business while continuing to support and expand our UK retailers and we are very much looking forward to watching the Shnuggle brand grow in these new territories.’

Alexandra Dickson Leach, Founder and CEO of Bloom & Grow said ‘Bloom & Grow are thrilled to be bringing the Shnuggle bath range to all of our territories. The products are innovative, and I have no doubt they will be welcomed by parents across Asia and Australia.’

Aer Lingus TakeOff Foundation Business Awards recognise NI’s top companies

LONDON, 8th May 2018 – Northern Ireland’s best businesses and two outstanding individuals have been honoured at the 2018 Aer Lingus TakeOff Foundation Business Awards in the palatial surroundings of the IoD headquarters on Pall Mall in London.

The Aer Lingus TakeOff Foundation Business Awards judges at the Fitzwilliam Hotel, from (l-r) seated: Roseann Kelly, Chief Executive, Women in Business; Gary McDonald, Business Editor, Irish News; Andrea Hunter, Business Development Manager, Aer Lingus NI. From (l-r) standing: Bob McGowan-Smyth,ÊInvestment Director, Crescent Capital; Richard Sherriff, Business Editor, News Letter; Margaret Canning, Business Editor, Belfast Telegraph; Kieran McGarrigle, Partner, Head of Finance, Arthur Cox; Wendy Austin, Presenter, BBC Inside Business; Jeremy Fitch, Executive Director, Business & Sector Development Group, Invest Northern Ireland; Kirsty McManus, National Director, Institute of Directors NI and John Mulgrew, Editor, Ulster Business

Crescent’s Bob McGowan-Smyth was one of the 11 strong panel of judges.

The awards were presented across nine categories to businesses that have excelled in areas such as fast growth, export, innovation, and marketing.

“The Aer Lingus TakeOff Foundation Business Awards are now one of the most prestigious events on the business calendar and we are delighted to recognise and support those organisations that represent the best in their sectors,” said Andrea Hunter, Business Development Manager of Aer Lingus in Northern Ireland.

“This was a true celebration of business excellence and on behalf of Aer Lingus I would like to congratulate each of the winners for their remarkable accomplishments.”

This year’s winners are as follows:

Best Business Start-Up Award: AG Electrical NI Ltd

Best SME Award: STATSports Group Ltd

Fast Growth Business Award: FinTrU Ltd

Excellence in Marketing Award: Babocush

Exporter of the Year Award: Brookvent

Innovation of the Year Award: See.Sense

Business Person of the Year: Cathal Grant, CGDM Construction Ltd

Overall Excellence Award: Selective Travel Management

The ceremony also recognised Trevor Annon, Founder and Chairman of Mount Charles, with a Lifetime Achievement Award for his outstanding contribution to business life in Northern Ireland.

Andrea Hunter, Aer Lingus Business Development Manager presents the Lifetime Achievement Award to Trevor Annon, Chairman of Mount Charles. They are joined by Aer Lingus cabin crew member Jo Freeman and compere Wendy Austin at the 10th annual Aer Lingus TakeOff Foundation Business Awards on 8th May 2018, in the IoD Headquarters, Pall Mall, London.

With Trevor’s guidance, Mount Charles has created true economic benefit not only for its employees and their families, but also for the wider NI economy.

Mount Charles currently sources approximately 90% of their food from NI suppliers attributing to a contribution of £9m per annum to the NI economy, while labour costs currently generate £17m per annum.

In October 2016 Trevor opened a brand new state-of-the-art headquarters in Belfast, having invested £1.6m in the building’s purchase and refurbishment, making a significant statement regarding the company’s commitment to future growth and development.

Business Person of the Year Cathal Grant, Managing Director of CGDM Construction Ltd, was delighted to win this award, and was overwhelmed to be honoured amongst the best of NI businesses.

Cathal explained that CGDM has grown rapidly, “by securing high value contracts in the commercial, retail, banking, health, leisure and hospitality sectors throughout the UK and Ireland.”

Cathal oversaw the diversification of his company from an architectural design business to a design and build business, combining architectural and construction services.

Andrea Hunter, Aer Lingus Business Development Manager presents the Business Person of the Year Award to Cathal Grant, Founder and Managing Director of CGDM Construction Ltd. They are joined by Aer Lingus cabin crew member Jo Freeman and compere Wendy Austin at the 10th annual Aer Lingus TakeOff Foundation Business Awards on 8th May 2018, in the IoD Headquarters, Pall Mall, London.

“To facilitate business expansion and grow market share in Ireland and Great Britain, we have since established offices in Dublin in 2015 and most recently in London in 2017,” he said.

The company employs 21 staff and 60 sub contractors and plans are underway to build larger offices in Newry to enable further expansion.

Keith Graham, Managing Director of Selective Travel Management, winners of the Overall Excellence Award said: “We have seen massive growth for the company this year and we are very proud that our efforts have been recognised with the Overall Excellence Award.”

Located in the historic Murray’s Exchange in Belfast City Centre, the company employs 114 travel professionals, providing expert support with fully bespoke technological solutions to a customer base spread across the United Kingdom. The last four years has seen their turnover grow by 68% from £29.4m to £49.5m.

Keith explained that “first class, 24/7, customer service, latest technology and an exclusive and proactive ‘Duty of Care’ programme have combined to reinforce our business edge and continues to fuel our current success and future growth.”

Andrea Hunter, Aer Lingus Business Development Manager presents the Overall Excellence Award to Managing Director of Selective Travel Management, Keith Graham. They are joined by Aer Lingus cabin crew member Jo Freeman at the 10th annual Aer Lingus TakeOff Foundation Business Awards on 8th  May 2018, in the IoD Headquarters, Pall Mall, London.