Essential reading for retailers and suppliers in the home improvement market

£250,000 loan is Christmas boost for Southport wholesaler

Published: 17 November 2014
The loan from The North West Fund for Loans Plus has helped Mail Order Online, which sells seasonal goods, stock up in time for Christmas.
Mail Order Online used the £250,000 from The North West Fund for Loans Plus to purchase additional stock and new racking for its warehouse to meet increasing demand. The wholesale business has grown year-on-year since brothers John and Steven Rushton established it in 2010 with fellow director Paul Huckstepp.

With sales up significantly in 2011, the company moved to a new 14,000sq ft distribution centre and, by 2014, it had taken on an adjacent warehouse and now occupies 28,000sq ft.

Strong sales over Christmas 2012 then enabled the company to introduce a range of pet products, boosting revenues and evening out seasonality in the business. "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. We've also expanded and diversified into product lines we can sell all year round," said director Paul Huckstepp.

He added: "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 worked with Paul and his team to agree the loan. He said: "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 is now hoping to take advantage of the predicted £2.3 billion increase in sales over the Christmas period this year.

The North West Fund for Loans Plus, managed by FW Capital, is part of the £155m North West Fund and is financed jointly by the European Regional Development Fund and the European Investment Bank.

Comments


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

What do you think?


How do you feel about the appointment of Boris Johnson as prime minister?


Latest reader comments

re: DIY inventor gets £100,000 investment for Wellitop

Gel
You're being optimistic expecting a response to a 9 year old story!...

re: DIY inventor gets £100,000 investment for Wellitop

Penny
Hi I live in Australia and am finding it really difficult to find somewhere on the internet to purchase wellitops. i manged to find one ...

re: Further Homebase closures ahead

Once a customer
good investigating diy week . There looks like will be more closures so will you keep us updated . Just seen Horsham closing so more than ...

re: Quick and easy wood treatment oil from Frogsuit

Beverley
Hi, please confirm if Frogsuit can be used on all external wood doors and sheds.RegardsBeverley...

re: Quick and easy wood treatment oil from Frogsuit

Chris - Frogsuit Ltd
Hi Arthur, thank you for your query. Depending on the product and the type of wood you may need to prepare the items prior to application. ...