Mail order group wraps up Â£250k
A Southport wholesaler which sells seasonal products has secured a £250,000 funding deal as it prepares for the busy Christmas period.
Mail Order Online has used the loan from the North West Fund for Loans Plus, managed by FW Capital, to purchase additional stock and racking for its warehouse to meet increasing demand as it seeks to take advantage of the festive period.
The business occupies a 28,000 sq ft distribution centre in the resort after expanding following significant growth in recent years.
Paul Huckstepp said: "Our Christmas business has gone from strength to strength since we started up in 2010 and we're continuing to expand it through our weRchristmas brand, recognised for quality and value. We’ve also expanded and diversified into product lines we can sell all year round.
"Stock availability is crucial to us and we’ve focused on building an effective global supplier base to meet growing demand. The loan from The North West Fund for Loans Plus has enabled us to capitalise on an opportunity to purchase a large amount of stock to sell this Christmas."
FW Capital investment executive Graham Ingham added: "The Mail Order Online team have focused on key parts of their operation to build a sustainable and profitable business and continuing to attract and retain customers. Managing costs and having the right stock available at the right margins is key to their success.
"FW Capital agreed the loan from The North West Fund for Loans Plus within weeks, enabling the company to take advantage of a significant Christmas stock opportunity. Mail Order Online has already recruited a number of full-time staff to cope with the increased demand it’s now seeing for the new stock it purchased."
Mail Order Online was founded in 2010 by brothers John and Steven Rushton and fellow director Paul Huckstepp.
Picture caption - left to right: Graham Ingham and Paul Huckstepp