OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has completed a £2m Revolving Credit Facility to Spy Alarms, an electronic security and fire system services business which installs, maintains and monitors intruder alarms, CCTV, fire safety systems and access control systems.
About Spy Alarms: The business was founded in 1985 by Martin Foster, after his own house was burgled and he could not find the system he needed from existing suppliers. With more than 75,000 customers – both domestic and commercial – throughout London, Kent and the Home Counties, Spy Alarms is one of the largest privately owned installers of security systems in the South East. From studio apartments to country estates, small offices to large industrial complexes, Spy Alarms installs and maintains intruder and fire alarm systems for all kinds of premises, aiming to provide competitively priced installations using quality components and the latest technology. Spy Alarms is certified to NSI Gold standard, which is the highest accreditation from the security industry governing body, the National Security Inspectorate. In addition, it has consistently gained the Metropolitan Police Alarm Performance Award (Gold) and Custodian Gold Shield Award for the lowest number of false alarms recorded.