Pop-up retail has taken the UK by storm over the last few years, with temporary stores proving a staple in many of the country’s busiest retail spaces. This wasn’t the case in the early 2000’s when co-founder Andy Moss and Nick Daffern crossed paths in Formula 1 and World Rallying and found themselves appalled at how fans were forced to buy merchandise from tents. From there, they saw a niche to develop high-quality branded units, and launched the range in 2007, winning their first orders in 2008.
The accelerated growth in the pop-up retail market led to an increase in demand for Rapid Retail and inevitably, a need to source external funding to support the businesses’ growth plans.
Maven found that the business was a great fit to receive the MEIF Maven Debt Fund solution due to its high-quality client base and it’s passionate and experienced management team, so we provided a £300,000 debt solution to enable the business to expand its portfolio of products, exploiting new growth opportunities overseas and support the creation of seven new jobs in the region.
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 to speak directly to one of our local Investment Managers:
0121 231 7125 Birmingham | 0115 697 6160 Nottingham
