Lingerie wholesaler Naughty Knickers has secured £50,000 funding from Positive Cashflow Finance to expand its product range and increase stock levels, with the aim of doubling its turnover in the next 12 months.
The Newcastle-based business, founded by Sarah Northey three years ago and incorporated in April 2014, started by selling direct to consumers via its website and expanded into wholesale in 2012.
Naughty Knickers stocks a number of brands and is the exclusive UK wholesale distributor for French lingerie brand Maison Close, with customers including Figleaves and Coco de Mer. The firm recently started supplying Asos.com.
Managing director Sarah Northey said: “To take the business to the next level we needed more cash available to invest in the business and felt that invoice finance was the perfect solution for us as the funding will increase as we grow.”