TES Group

Ireland, Europe and internationally, from its office and manufacturing facility in Cookstown, County Tyrone and via the TES Power Data Centre campus in County Derry.

However, to keep up with the increased global demand for its products and services and enter the next stage of its growth phase, it required significant investment to scale its operations. 

Support from the Bank:

TES accessed significant equity funding from Foresight, which invests in promising growing companies, providing equity or debt to meet the needs of founders and management teams wherever they are on their funding journey. The British Business Bank invests in Foresight’s regional funds, including commitments of £30m to the Foresight Scotland fund, £20m to the Foresight North East fund and £15m to the Foresight Northern Ireland fund.

With offices in Belfast and Dublin, Foresight has over £100 million to invest into growing companies across the island of Ireland. To date, it has invested some £35 million into companies across a range of sectors and transaction types throughout Northern Ireland and Ireland. 

Impact of funding: what has TES Group gone on to do?

With Foresight’s backing, TES Group has invested heavily in its infrastructure to deal with increased global demand for its products and services and is set deliver 50% growth in turnover FY25. 

It has generated compound annual revenue growth of 27% over the last four years and provided local jobs across each of its sites. The business had 257 FTEs (Full-Time Equivalents) as of June 2025, up from 187 at the point of investment completion in October 2024.

Now, as one of the fastest growing companies in the UK and the third fastest growing business on the Fast Growth 50 Northern Ireland list, TES Group is a well-established leader in high-performance power distribution and monitoring systems. It can provide clients with an all-encompassing service from initial project conception right through to design, construction, installation and maintenance.