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Volumatic was established in 1972 to pioneer retail security products. 40 years on and the Coventry based business is a leading force in itsmarket; with a widely recognised brand and long-established, blue-chip client base.
Provider of intelligent cash handling products to the UK and international markets.
Management buy-out. NVM invested £6m.
Develop product range, increase penetration in existing markets and expand overseas.
Its customers include some of the best-known UK retailers, supermarket chains, leisure operators and banks including Wilkinson, Tesco, WH Smith, Lloyds TSB, RBS, Nationwide, McDonalds, Madame Tussauds and Chelsea FC. Volumatic also has a growing reputation across Europe and in the USA.
Volumatic designs, manufactures and services a wide array of products that help companies to count cash, detect forged notes and store cash securely. Cash transactions remain the dominant payment method across the UK and Europe.
Volumatic’s products are used globally to count and protect over $1 billion per day. In 2008 they launched a new product, CounterCache Intelligent (CCi) which combines counting, anti-forgery, storage and software suites for integration with retailer’s systems. There is currently no directly comparable product in the market and management believe it has huge market potential. In 2011 CCi accounted for 45% of Volumatic’s total revenue.
This is a highly innovative company with new and existing product development being a key driver for its growth. The funding from NVM will ensure that they continue to be at the forefront of developments in the sector, as well as allowing them to broaden their footprint and capability.
Colin Amos, Managing Director Volumatic Limited