Home
 » ISP News » 
Sponsored

UK ISP Origin Broadband Boosted by £2m Private Investment

Thursday, August 10th, 2017 (3:53 pm) - Score 1,073
Origin Broadband Logo 2016

Calculus Capital, which specialises in Enterprise Investment Schemes and Venture Capital Trusts, has made a second investment of £2 million into Doncaster-based ISP Origin Broadband. The new money will be used to help grow the business (i.e. attracting more customers and adding extra UK staff).

The same Private Equity fund put £3 million into Origin at the end of December 2016 (here) and since then the ISP claims to have been “extremely successful” at acquiring new residential customers, surpassing its projected numbers by more than 300%. The company has also increased its headcount by over 100% since December (no solid base figures have been provided to give this context).

Oliver Bryssau, Managing Director of Origin, said:

“We continue to work closely with Calculus Capital who are helping us to reach our growth ambitions. We are using this funding to invest heavily in providing UK based jobs and in turn focusing on providing the best service to our broadband customers at a great price.”

Richard Moore, Head of New Investments at Calculus Capital, said:

“We are pleased to be supporting Origin in this latest round of fundraising. The company has achieved significant growth since our last investment, particularly in the residential market. This second round of funding will enable to Origin to support its enlarged customer base and focus on growing the SME (leased line) side of the business.”

One downside of Origin’s rapid expansion appears to be that the level of customer gripes about the service have also increased, which is something that we’ve noticed quite a bit since the start of this year. Hopefully the extra investment will be used to tackle some of those weaker points so that quality isn’t sacrificed too much for the sake of growth.

Delicious
Add to Diigo
Mark Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he is also the founder of ISPreview since 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on Twitter, , Facebook and Linkedin.
Leave a Comment
10 Responses
  1. Kekkle

    I’d be giving them a wide berth personally – the reviews on ISPreview and Trustpilot are not great:

    http://www.ispreview.co.uk/review/products/799.html

    https://uk.trustpilot.com/review/originbroadband.com

    • Boris bonjapi ilityizia

      Yeah they’re pretty bad

      i signed up

      then canceled and they wouldn’t let me i had to say i was moving out of the country for them to cancel my order

      then they said they would refund me my initial charge
      up to 2 weeks later

      i got 4 months later.

  2. Dan Spurr

    after my dealings i can only agree with you there cheap for a reason it’s a bad reason

  3. 3G Infinity

    Looking at the figures, I suggest that they don’t add staff/people but do add customers – they will hemorrhage cash for a while yet and I am glad I am not Yorkshire Finance – as cash burn is way too high to be sustainable.

  4. Nik Bridge

    My brother has their service and it’s appalling

  5. Roy

    They really are not great, in the 2 years I was with them the FTTC was fine, the support was a complete joke and the errors they made were that bad they were comical.
    their representatives told whopping lies and made frequent errors, I look back and laugh now, glad I am no longer contracted.
    Roy

  6. No Go

    Bet it doesn’t improve as the speed was absolute joke and wernt very helpful I’m not blaming these for the speed its the so called cowboys of openreach and the superslow fibre ripoff Britain

  7. Ray Fogwill

    Looks like they will be spending that £ 2 million on ombudsmen fees the way its going, was with them and customer service is appalling,speed worse than dial up, wait hours on the phone, no reply to emails, never get billing right, never phone you back when promised,can’t believe how bad they are,should be closed down until they sort there problems out,forget catching new customers look after the ones they have first.

  8. Steve

    Origin broadband is all round BAD. From line speed to customer service also taking unauthorised monies from customers accounts mine included! check out the ever growing complaints on their facebook page.
    Big mistake if you opt for Origin.

  9. Matthew Richards

    I’ve been with a few different ISP’s over the years and Origin are by far the worse.
    I pay for 76mb fibre broadband. I’ve just submitted them a reading of 0.5mb on the download and 1.3mb on the upload, mind you that was quite fast – it’s been as low as 0.13mb download speed.
    This has been going on since I had the line and I’ve spent countless hours on the phone, talking of which I’ve now been waiting for over an hour.
    This is how an Origin Broadband customer spends their evening.

Comments RSS Feed

Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Promotion
Cheapest Superfast ISPs
  • Hyperoptic £17.00 (*22.00)
    Avg. Speed 30Mbps, Unlimited
    Gift: Code: ONLINEDEAL
  • Vodafone £21.00 (*23.00)
    Avg. Speed 35Mbps, Unlimited
    Gift: None
  • TalkTalk £22.50
    Avg. Speed 36Mbps, Unlimited
    Gift: None
  • Plusnet £23.99 (*34.98)
    Avg. Speed 36Mbps, Unlimited
    Gift: None
  • First Utility £24.99 (*31.99)
    Avg. Speed 35Mbps, Unlimited
    Gift: None
Prices inc. Line Rental | View All
Poll
*Javascript must be ON to vote*
The Top 20 Category Tags
  1. BT (2244)
  2. FTTP (1678)
  3. FTTC (1484)
  4. Broadband Delivery UK (1467)
  5. Openreach (1197)
  6. Politics (1192)
  7. Business (1066)
  8. Statistics (943)
  9. Fibre Optic (863)
  10. Mobile Broadband (856)
  11. Ofcom Regulation (791)
  12. Wireless Internet (780)
  13. FTTH (770)
  14. 4G (746)
  15. Virgin Media (725)
  16. Sky Broadband (536)
  17. TalkTalk (511)
  18. EE (491)
  19. Vodafone (382)
  20. Security (364)
Promotion
Helpful ISP Guides and Tips
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms  ,  Privacy and Cookie Policy  ,  Links  ,  Website Rules