£250,000 loan from The North West Fund for Loans Plus is an early Christmas present for wholesaler, Mail Order Online
A Southport wholesaler which sells seasonal goods has stocked
up in time for Christmas thanks to a £250,000 loan from The North
West Fund for Loans Plus managed by FW Capital.
The loan has provided Mail Order Online with growth capital to
purchase additional stock and some racking for its warehouse to
meet increasing demand.
Mail Order Online has grown year-on-year since brothers John and
Steven Rushton established the business in 2010 with fellow
director Paul Huckstepp.
With sales up significantly in 2011, the company moved to a new
14,000 sq. ft. distribution centre and by 2014 it had taken on an
adjacent warehouse and now occupies 28,000 sq ft.
Strong sales over Christmas 2012 then enabled the company to
introduce a range of pet products, boosting revenues and evening
out seasonality in the business.
“Our Christmas business has gone from strength to strength since
we started up in 2010 and we’re continuing to expand it through our
weRchristmas brand, recognised for quality and value. We’ve also
expanded and diversified into product lines we can sell all year
“Stock availability is crucial to us and we’ve focused on
building an effective global supplier base to meet growing demand.
The loan from The North West Fund for Loans Plus has enabled us to
capitalise on an opportunity to purchase a large amount of stock to
sell this Christmas,” Mail Order Online’s Director, Paul Huckstepp
FW Capital Investment Executive, Graham Ingham worked with Paul
and his team to agree the loan. He said: “The Mail Order Online
team have focused on key parts of their operation to build a
sustainable and profitable business and continuing to attract and
retain customers. Managing costs and having the right stock
available at the right margins is key to their success.
“FW Capital agreed the loan from The North West Fund for Loans
Plus within weeks, enabling the company to take advantage of a
significant Christmas stock opportunity. Mail Order Online has
already recruited a number of full-time staff to cope with the
increased demand it’s now seeing for the new stock it
Mail Order Online is now hoping to take advantage of the
predicted £2.3 billion increase in sales over the Christmas period
The North West Fund for Loans Plus, managed by FW Capital, is
part of the £155m North West Fund and is financed jointly by the
European Regional Development Fund and the European Investment