Liverpool-based Lexio Technologies Ltd, a newly established IT consultancy business has secured a loan from NPIF II – River Capital & GC Business Finance Smaller Loans, which is managed by River Capital & GC Business Finance as part of the Northern Powerhouse Investment Fund II.
Founded in May 2025 by Ste Aspin and Tom Elsworthy, Lexio Technologies provides specialised IT support services to firms using Proclaim or Actionstep CMS platforms and addresses a critical gap in the market by offering cost effective, expert technical support and development. The business focuses on Case Management System (CMS) support and development as well as custom integrations and applications for the UK legal industry and beyond
A key differentiator for Lexio is their recent certification as an Actionstep Certified Partner, making them one of only a few providers in the UK qualified to support this rapidly growing global legal software platform.
Ste and Tom bring many years of relevant experience to the business, with Ste spending nearly two decades in leadership roles across healthcare and legal industries and most recently as Commercial & Operations Director in his last role, where he doubled both revenue and headcount during his tenure.
Tom, meanwhile, originally started his career as a Proclaim developer and progressed through successive leadership positions in his previous role, leaving as Technical Director.
The funding received will support working capital requirements as Lexio scales its technical team to meet growing client demand, with plans to create 13 full-time positions over the next two years, across developers, senior developers, and specialised management roles.
Sue Chambers, Senior Investment Manager at River Capital said:
“Lexio represents exactly the type of innovative, high-growth potential business that River Capital seeks to support. Ste and Tom bring exceptional industry expertise and established relationships that position them perfectly to capitalise on the growing demand for specialised legal tech support.”
Ste Aspin, Co-Founder of Lexio Technologies added:
“The legal sector desperately needs specialised IT support that CMS providers don’t directly offer, but most firms can’t justify the cost of full-time specialists. Our model provides expert support at a fraction of the cost of in-house teams while delivering predictable recurring revenue for sustainable growth.”
Sue Barnard, Senior Investment Manager at the British Business Bank said:
“Lexio Technologies is a great example of a business that has identified a clear gap in the market and moved swiftly to address it. The team’s ambition to grow, combined with their deep sector expertise, positions them strongly for success. It’s exactly this kind of entrepreneurial spirit that NPIF II exists to support, helping the Northern business ecosystem continue to thrive and grow.”
The £660m Northern Powerhouse Investment Fund II (NPIFII) covers the entire North of England and provides loans from £25k to £2m and equity investment up to £5m to help a range of small and medium sized businesses to start up, scale up or stay ahead.
The purpose of the Northern Powerhouse Investment Fund II is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North of England. The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage finance for the North’s smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.