What Storetec Services limited does

Storetec Services Limited is a Hull, UK-based document management services provider founded in 2003, operating an end-to-end information management offering built around physical-to-digital conversion, secure archive storage, and a proprietary cloud-based document management SaaS called MDI Cloud. The company delivers document scanning (including large format, book/manuscript, and microfiche/microfilm), data capture, invoice processing, digital mailroom, secure off-site archive storage, and certified document shredding, with a self-operated UK-wide logistics fleet for document collection. MDI Cloud, hosted on AWS UK servers with AES-256 encryption and AWS cross-region redundancy, provides 24/7 document search, retrieval, and management, and increasingly embeds AI features including OpenAI/Google-powered document querying, AI translation, and proprietary handwritten OCR technology. The proprietary i-Trac records management system supports archive box tracking.

The business operates across twelve named verticals including healthcare, central and local government, legal, education, financial services, manufacturing and aerospace, pharmaceutical, construction, emergency services, not-for-profit, retail, and energy, with reference customers spanning FTSE 100 enterprises (e.g., ITP Aero), regulated non-profits (e.g., St John Ambulance, GWCT), manufacturers (e.g., Perspex International), and SMB advisory firms. Revenue is generated through one-time scanning project fees, recurring MDI Cloud SaaS subscriptions (monthly billing in advance, annual price escalation capped at 8%), managed archive storage with retrieval/destruction add-ons, and professional services for data capture and digital mailroom. Pricing is predominantly bespoke enterprise quotation, with a £350+VAT minimum invoice for scanning and contract terms carrying 90-day termination notice.

The company holds ISO 27001, ISO 22301, ISO 10008, ISO 9001, ISO 14001, Cyber Essentials Plus, and Cloud Security Alliance STAR certifications, and operates a single ISO-certified scanning facility in Hull supported by service coverage across nine UK metropolitan areas. Storetec is a privately held subsidiary of Project Emanuel Bidco Limited (with Bridges Fund Management as investment partner), has won BPO/Outsourcing Business of the Year at the Document Manager Awards for ten consecutive years, and employs 51–100 people.

Name

Storetec Services limited

Legal name

Storetec Services Limited

Website

https://storetec.net

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Storetec Services Limited is a UK-based document management provider founded in 2003, offering scanning, secure archive storage, and the MDI Cloud SaaS platform with AI-powered querying and handwritten OCR to FTSE 100, public sector, healthcare, and commercial clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Kingston upon Hull

HQ country

United Kingdom

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Document Scanning Services: One-time scanning services converting physical documents into digital formats. Pricing based on document type, volume, and format requirements. Includes document scanning, large format scanning, book scanning, microfiche/microfilm scanning.
2. MDI Cloud SaaS Subscription: Recurring subscription for cloud-based document management software. Billed monthly in advance with annual price review. Includes software access, storage, support, and AI token usage for document queries.
3. Archive Storage: Off-site secure document storage with ongoing storage charges. Includes retrieval, handling, permanent withdrawal, and destruction services as additional charges.
4. Data Capture Services: Extraction and digitisation of key information from paper documents, forms, and records. Professional services for data entry and indexing.
5. Digital Mailroom Services: Digital transformation services replacing manual mail handling with automated digital workflows.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Storetec provides end-to-end document management services including physical document scanning, off-site archive storage, secure document shredding, data capture, invoice processing, and digital mailroom services. The company's flagship product is MDI Cloud, a SaaS-based document management platform hosted on AWS UK servers that enables search, retrieval, and AI-powered querying of digitised documents. Services are delivered via an internal logistics fleet with tracked vehicles for chain-of-custody collection across the UK.

Product overview

Storetec Services Limited offers a portfolio of document management services centred around its core cloud-based document management platform, MDI Cloud, and complementary scanning and storage services. The offering consists of MDI Cloud (the primary SaaS platform for document repository, search, and management), i-Trac (a records management system for archive box storage), and a suite of scanning services including Document Scanning, Large Format Scanning, Book and Manuscript Scanning, Microfiche/Microfilm Scanning, Data Capture, Invoice Processing, Digital Mailroom, Archive Storage, Document Shredding, and Digital Transformation Services. The services work together to provide end-to-end information management from physical document collection through digitisation to cloud-based access and storage.

Differentiator

Problem solved

Functional benefit

Products and services

• MDI Cloud A cloud-based SaaS document management system and repository that enables users to search, access, and manage all data in one place with 24/7 worldwide access. Includes AI-powered querying, OCR, and AI translation features. Hosted on AWS UK-based servers with AES-256 encryption and mirrored redundancy.
• Document Scanning and Archiving Transforms physical records into digital files including document collection, preparation, scanning, indexing, and delivery. Reduces storage costs, improves accessibility, and supports compliance with data protection standards.
• Large Format Scanning Converts drawings, plans, maps, and posters into high-resolution digital files for easy access, sharing, and secure long-term storage.
• Book and Manuscript Scanning Digitises rare, bound, or fragile documents into high-quality, accessible digital formats with or without damaging the originals.
• Microfiche, Aperture Card, and Microfilm Scanning Converts archived microfiche, microfilm, and aperture cards into clear, searchable digital files for easy retrieval and secure preservation.
• Data Capture Extracts and digitises key information from paper documents, forms, and records, improving accuracy, efficiency, and data accessibility.
• Invoice Processing Captures and processes invoice data from paper documents, enabling automated invoice handling and data extraction.
• Digital Mailroom Replaces manual mail handling with a digital mailroom to reduce costs, minimise errors, and speed up mail delivery through a technology-led approach.
• Archive Storage Secure off-site archive storage facility that frees up office space, safeguards documents, and supports compliance with data protection standards. Includes retrieval, handling, permanent withdrawal, and destruction services.
• Digital Transformation Services End-to-end information management solutions supporting organisations to take control of their information, free up space, improve compliance, and support hybrid working.
• Document Shredding Secure document destruction services with provision of destruction certificates upon completion.
• i-Trac A records management system designed and developed by Storetec for managing archive box storage, used in conjunction with archive storage services to track and manage physical archive inventory.

Quantifiable outcome

• Projects typically delivered within 24 hours from collection for smaller or urgent jobs
• +2 more outcomes

Named customers5 records

Segments13 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature7 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Restore plc: UK-headquartered document management and records storage group with full-service scanning, digital workflow, secure shredding and Datasharp heritage — directly overlaps Storetec's end-to-end information management model.
• M-Files: AI-powered information management SaaS platform with metadata-driven document automation — competes with MDI Cloud's intelligent document querying and workflow positioning in mid-market and enterprise.
• DocuWare: Cloud document management and workflow automation SaaS platform — competes head-to-head with MDI Cloud for enterprise DMS budgets across multiple verticals Storetec targets.
• Crown Records Management: UK-focused records management and secure shredding provider serving public and private sector — comparable to Storetec's archive storage and document destruction services in the same geography.
• Shred-it (Stericycle): Specialist secure document destruction provider serving UK enterprises and public sector — directly competes with Storetec's document shredding service line within compliant destruction workflows.

Broad incumbents

• Box: Enterprise cloud content management and collaboration platform — competes for the same regulated-industry, UK-based customer budget that MDI Cloud addresses, with substantially larger global scale and partner ecosystem.
• Iron Mountain: Global leader in physical and digital records management, secure shredding, and data centre services — competes with Storetec across UK archive storage and digital workflows but at vastly larger scale and with broader geographic reach.
• Konica Minolta Business Solutions: Hardware-led managed services provider including document capture, workflow and content management across UK and Europe — overlaps Storetec's scanning, data capture and digital mailroom offerings as part of a wider portfolio.
• Ricoh Document Services: Diversified technology provider offering managed document services, scanning and workflow automation as part of a larger portfolio — overlaps with Storetec's digital transformation and data capture offerings.

Regional players

• V1 Document Management: UK-focused document scanning, storage and shredding services provider with comparable service portfolio to Storetec, primarily serving UK SMEs and compliance-driven accounts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/StoretecHull
• Facebookfacebook.com/Storetec
• LinkedInlinkedin.com/company/storetec-services-limited

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Storetec Services limited