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‘Delighted’ IT recycling firm set to net £1m

PUBLISHED: 12:37 01 July 2014

N2S director Mike Fennings and MD Jack Gomarsall.

N2S director Mike Fennings and MD Jack Gomarsall.

Archant

A computer recycling firm is celebrating two major new contract wins which could generate an additional £1million a year.

Bury St Edmunds-based Network 2 Supplies (N2S) has had its contract with one the world’s largest banking organisations renewed for another 12 months. It has also secured a six-year contract with a leading global engineering and technology services company. Together the two contracts are expected to net the company £1m worth of work.

The Western Way firm, which currently employs 60 staff, hopes to start recruiting up to 140 new employees over 2015 as a result of its increasing workload. 2013 was a breakthrough year for N2S after it secured deals with the banking organisation and a multi-national service integration company. Its customers include the Home Office, HM Prison Service, government departments, UK universities and NHS organisations.

Managing director Jack Gomarsall said they were “delighted” at the latest contract wins.

“In recent years we have become an international player by moving into global markets and these two new contract wins will help us cement our reputation on a worldwide scale.”

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