Groovy

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Business bio

Groovy designs hard-to-get giftware and distributes the products to major high street and online retailers. With experience in both designing and manufacturing a successful mix of original products, Groovy’s clients include the likes of Argos, Debenhams and Harrods. The Company’s in-house design team creates its own collections in line with current trends in film, TV and fashion, and have exclusive UK and European distribution rights via licences with popular blue-chip names as Star Wars, Harry Potter, Marvel, and Doctor Who.

Loan Amount

£250,000

Region

Leicester and Leicestershire

Funding Need

Product Investment and Licensing

Sector

B2B Retail

“The MEIF loan funding will enable us to pursue our growth plans, expand our product lines, and supply high quality, unique products. This is an exciting time for the business, and we look forward to working with Maven in the coming years.”

Monique Scott
Managing Director at Groovy

Growth and expansion

Groovy’s new licences, product launches and increased sales, are all great indicators for growth. The MEIF loan will be used as growth capital, further accelerating the company’s growth plans and enable them to invest in their product portfolio and licensing agreements.

The company’s in-house design team creates its own collections in line with current trends in film, TV and fashion, and has exclusive UK and European distribution rights via licences with popular blue-chip names, such as Star Wars, Harry Potter, Marvel and Doctor Who. New licences are currently being finalised and set to include other well-known family favourites.

Could MEIF Maven Debt Finance help fund your growth journey?

If you’re running an SME business that’s looking to grow, we’d love to hear from you. Find out more about our fund here or feel free to give us a call and speak to one of our Investment Managers:

0121 231 7125 Birmingham | 0115 697 6160 Nottingham

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