Lawrence Jones MBE, founded the Manchester tech firm alongside his wife, managing director Gail Jones, in 1999 and has grown it into a 拢47 million turnover business.
Despite doubling in size in recent years and expanding its workforce to 325, Jones sees an IPO as a potential catalyst to expand its presence in London 鈥� and from there, the world.
鈥淚f you really believe in your brand and want to take it to the next level, there comes a time where you need to go out and raise money,鈥� he told 老九品茶Cloud.
鈥淭here is a huge opportunity for us right now: Amazon鈥檚 AWS [cloud offering] has been challenged by Microsoft Azure and, while those two are scrapping, we can come in below the radar.
鈥淲hile it鈥檚 not 100 per cent that we鈥檙e going to do it, floating on the London Stock Exchange would allow us to build things faster.
鈥淚f we’re up against these huge corporations we need to be going faster than them. But you can鈥檛 do that unless you expand and add major capability.鈥�
UKFast, which fully owns and operates five data centres in Manchester, has appointed global investment bank GCA Altium to review its strategic options, with a potential float seen as a ‘prime option’.
Plans to build a world-class campus at its already impressive Manchester base (pictured above)聽could even be replicated in the capital, according to Jones, who has developed a separate arm of the business to carry out its construction work, UKFast Space.
鈥淚f we were to replicate what we have here in London, it would really raise our profile,鈥� he said of the modern design of its workspace. 鈥淚t works incredibly well for us and sets us apart as something a little bit different.
鈥淔rom there we can expand into Europe, and then who knows鈥� if we do a flotation, there’s no reason why can’t set our sights on becoming one of the biggest cloud companies in the world.鈥�
He added: 鈥淚 believe we have the best customer service on the planet. AWS and Azure don鈥檛 have the ability to support customers like we do.
鈥淏ut this could give us the chance to expand in other areas鈥� with a big war chest, we could go out and get more programmers and devops and expand the API functionality we have 鈥� allowing us to build more software to help our customers grow.鈥�
UKFast achieved 18 per cent organic growth in 2017, a year in which it acquired public sector cloud and security specialists Secure-IA, which has deep public sector and government credentials.
In recent times it has also taken over cyber security firm Secarma and invested in many other businesses.
鈥淪-IA gave us more customers 鈥� and high-profile customers such as the Cabinet Office and Ministry of Defence 鈥� and revenue, but more importantly, it allowed us to improve how we served those types of customers,鈥� said Jones.
鈥淭here are many technology businesses out there that have extraordinary capabilities, which we could plug straight in and supply to our clients鈥� if we IPO, we could also [for example] buy a software company to bolster our devops team.鈥�