Naturewall, headquartered in Beverley, is using HSBC UK funding to increase its stockholding capacity. The funding will contribute to future growth plans, with the expansion and diversification of its panel range and further expansion into category diversification.
As part of its current growth strategy, the company has been able to expand retail partnerships across the UK, including an exclusive Made in Britain supply agreement with one of the UK’s largest national Kitchen, Bedroom and Bathroom (KBB) retailers.
Utilising increased capacity from HSBC UK funding, Naturewall is anticipating a 30% increase in turnover over the next 12 months.
Philip Brown, Managing Director of Naturewall, said: “Securing funding and increasing our working capital flexibility is an important milestone for the business. The steps we are taking today strengthen our ability to deliver new innovations in products, while scaling the availability of our products for customers and ensuring consistent standards of service.”
Becky Young, Relationship Manager at HSBC UK, added: “It’s fantastic to support Naturewall achieve this ambitious phase of growth. As the business expands its product portfolio and stock holding capabilities, it will continue to develop as a leading Made in Britain UK accredited manufacturer. We look forward to seeing how this funding supports the future success of the business in the UK and overseas.”
Founded in 2018, Naturewall provides residential and commercial spaces with nature-inspired wall panels. With 43 employees across sites in Beverley and Leeds, Naturewall is the largest SlatWall manufacturer in the UK, producing acoustic SlatWall panels, MDF panels, shower and bathroom panels.
The HSBC UK funded acquisition was supported by an introduction from Chris Mangle, Director at Custom Business Finance.
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