BPI Auctions

“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.”

David Boulton, Managing Director, BPI Auctions

Set up in 2010, BPI Auctions 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, as part of the Northern Powerhouse Investment Fund in 2018, which was used to facilitate further growth by recruiting four members of staff across sales and marketing.

The additional capital boosted 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. A second round of funding followed in 2022.

The first NPIF investment phase has now completed with the British Business Bank launching the Northern Powerhouse Investment Fund II in March 2024.