Ajay Sood turned to The Prince’s Trust for support when he found himself between jobs and in debt. Find out what business he set up with us.
In 1994, Ajay Sood was in a bit of a fix: between jobs, and with mounting debts, it seemed impossible that his dream of starting a computer software business could ever become a reality.
He didn’t know where to turn for help to get up and running – until he heard about The Prince’s Trust Enterprise programme and applied for a loan and a business mentor.
Ajay told us:
The Prince’s Trust gave Ajay a business mentor, who helped him put a business plan together and gave him a £3,500 loan to buy the right equipment.
Orchid Software, the business he built with the loan and support, launched in 1994. Since then it has become the UK’s number one provider of intranet and extranet products, with a client list that includes some of the world’s most well-known organisations such as Virgin Money, Pizza Express and Comic Relief.
Today, Orchid Software employs 42 people in the North East and has embraced the latest cloud-based technology with the launch of Oak, a revolutionary new intranet solution. Oak has quadrupled the company’s customer acquisition rate in its first year of sales.
The market potential for Oak is enormous, not just in the UK but across the globe and Ajay says that the foundation supporting this next growth phase was the advice and funds he got from The Trust over 20 years ago.