Heavy duty mobile phone manufacturer signs £3.5m investment deal with BGF
Deal set to support Bullitt’s international expansion plans
High durability mobile phone producer Bullitt has secured a £3.5m investment from the Business Growth Fund (BGF).
Founded in 2009, Bullitt manufactures heavy duty mobile phones and audio devices for brands including Cat®, JCB and Ted Baker.
With offices in Reading, China and the US, the firm is planning to further its international expansion, thanks to the latest cash injection.
The deal marks BGF’s fourth investment to be led by BGF’s South West of England and South Wales team, with previous investments including £5.4m in Welsh scaffolding provider Swanbridge Hire Sales.
Backed by the UK’s main banking groups, BGF was established to support the UK’s fast growing smaller and medium-sized businesses and last year the fund invested a total of £120m in 21 firms.
Co-CEO of Bullitt Colin Batt commented: “There is significant opportunity to build on our reputation as a leading developer of rugged phone products for the world’s largest global brands.
“BGF’s injection of funding will allow us to extend our portfolio and international reach in response to growing demand.”