Stable: A Leader in Technology Expertise
Established in 2001 by founders Ans and David Aspden, Stable has grown into a leading UK provider of freelance technology solutions, specialising in cloud technology, cybersecurity, and digital transformation. Recognised by The Sunday Times as one of Britain’s fastest-growing private companies in 2023, the company now employs 60 staff, with a projected turnover surpassing £19 million by 2026.
The new investment builds on a history of collaboration between the Development Bank and Stable, following previous loans in 2019 and 2021 for office expansion and working capital.
Driving Change and Upskilling Talent
Stable serves a diverse client base, including public sector organisations, higher education, emergency services, and third-sector institutions. The company is deeply committed to fostering local talent, working alongside regional education providers to create pathways into IT careers.
“Technology isn’t just about tools; it’s about people and culture,” said Ans Aspden, CEO of Stable. “With this investment, we can continue our mission to drive meaningful change through technology while creating opportunities for future generations here in Wales.”
Backing from the Development Bank of Wales
The £1.2 million investment was made through the £500 million Wales Flexible Investment Fund, financed by the Welsh Government. This fund supports Welsh businesses with a variety of financial options, offering terms of up to 15 years.
Sam Macalister-Smith, Portfolio Executive at the Development Bank of Wales, commented: “Stable has a clear vision for the future of work and is making a significant impact in a fast-growth sector. The team has achieved impressive revenue growth in recent years, capitalising on increasing digitalisation and the rise of new workplace technologies. We are excited to support them on the next stage of their growth journey.”