A Wiltshire online furniture company has secured £1m to drive business growth.
Chippenham-based Furniturebox said it would use the funding from Barclays to invest in product innovation, diversify its supply chain to mitigate tariff exposure, and create jobs.
The company was founded by two 17-year-old friends a decade ago and now employs more than 80 staff across three locations.
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It has a £3m warehouse and distribution centre at Indurent Park off the M4 near Chippenham, where it distributes 9,000 products every month.
Following Furniturebox’s accelerated growth in the 海角视频 market and fast-expanding US footprint, Barclays has committed a trade loan to drive the company's growth aspirations.
Dan Beckles, co-founder of Furniturebox said: “Our products are the heartbeat of our business and the driver of our growth.
"With Barclays’ support, we can invest in bold new designs, strengthen our supply chain and continue to deliver on our promise of affordable, on-trend furniture delivered next day.
"By broadening our reach and introducing innovative designs, we can stay ahead of market changes and ensure we’re resilient for the future.”
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Martin Crook, relationship director at Barclays 海角视频 Corporate Bank added: “As a successful 海角视频-founded and operated business, companies like Furniturebox serve as job creators and wealth generators for the local economies in which they operate.
"Innovative and forward-thinking, its teams like these that truly underpin the growth of the 海角视频 economy. As they continue to invest in innovation and international expansion, we’re proud to be supporting Furniturebox in what promises to a fruitful and exciting next chapter for their business.”
Furniturebox returned to profit last year with a 20% surge in sales to £25.6m.
The online retailer made more than £600,000 in profit in 2024 following a £1m loss the previous year due to the £3m investment in its new warehouse headquarters.
In August, the company marked a decade in business with a rebrand.