IT SERVICES provider Esteem Systems is positioned for growth after completing a re-finance deal.

The Wetherby based business agreed the funding package, which includes senior debt and working capital facilities, with the acquisition finance team at Lloyds Bank Commercial Banking to support is growth strategy.

Capitalising on the growing demand for its ‘Maintain, Transform, Manage’ IT service offering, the firm reported turnover of £33.8 million in its latest set of results, with further financial growth is expected this year.

Esteem is a longstanding client for the bank’s Acquisition Finance and Mid-Markets teams, which backed the management buy-out of the business in 2004, and provided additional funding in 2010 to facilitate the acquisition of SiRViS IT Holdings plc.

Joe Connolly, chief executive of Esteem, said: "We’ve enjoyed a string of successes in recent months, such as being chosen as a delivery partner on the new NHS IT procurement framework and securing Citrix Solution Advisor Platinum status.

"These credentials place us in a stronger position than ever to expand our managed service client base, and Lloyds Bank’s financial support provides us with the ideal platform from which to achieve our growth strategy."

Established in 1985, Esteem provides managed IT services to mid-market and corporate customers across the UK and operates across a range of sectors including healthcare, higher education, professional and financial services.