- Type of finance
- Business need
Growing a business
Over £1 million
“The Development Bank of Wales put together a very commercially attractive pack for us, which was a combination of equity and debt. Having their backing allowed us to deliver on our business plan a lot quicker than we would’ve done without it.”
Middletons is a Newport-based company specialising in accessible furniture and mobility.
Andy Wood joined Middletons in 2017 with the aim of raising finance in order to expand the number of stores nationwide.
By 2018, Middletons had secured a £3.8 million funding package from the Development Bank of Wales and clients of Bristol-based Wealth Club Limited.
This allowed Andy and the management team to deliver on their plan to grow the business. Today, Middletons has 16 stores and two concessions across Wales and the rest of the UK.
Watch the case study video below to find out more.