“The funding we have secured from FW Capital puts us in the best possible position to fulfil our ambitious growth plans. We would like to thank FW Capital for their helpful and supportive approach to providing us with this funding which will allow us to deliver our first-class auction experience to even more customers.”
Set up in 2010, BPI Auctions (www.bpiauctions.com) has grown into one of the UK’s leading online auction sites with over 400 auctions a year. The website sells items from one of the widest category ranges of any online auction site across business to business and consumer goods.
The West Yorkshire-based company secured a £750,000 investment from NPIF - FW Capital Debt Finance, which is being used to facilitate further growth by recruiting four members of staff across sales and marketing.
The additional capital will also boost the company’s capacity to buy surplus stock to be sold alongside auctions hosted on behalf of its national corporate and private clients, returning higher margins.