“We grew very quickly and needed money to expand as we didn’t have capacity to deal with demand. FW Capital understood our ambitions and were very quick to make their decision. They were able to help us where traditional lenders weren’t.”
Global Auctions re-sells returned and end-of-line retail items including white goods, furniture, fashion, electronics and homeware. Working with some of Europe’s most established manufacturers, distributors and retailers including John Lewis and Wayfair, it is one of the fastest growing auction houses in the UK.
Following a £150,000 investment from NPIF – FW Capital Debt Finance in 2020 the business has doubled its revenues and more than tripled its workforce following a move to a new 40,000 sq ft premises at Canal Side Works, Manchester.
The business has its eyes on future growth, after tweaking its operating model during the pandemic. It combines the traditional elements of an auctioneers with an e-commerce platform making the whole buying process simple.