Member Article

Naughty Knickers finds Positive partner

Newcastle based, high-end lingerie wholesaler, Naughty Knickers Ltd has secured a £50,000 facility from Manchester based, invoice finance specialists, Positive Cashflow Finance (“Positive”).

Prime mover, Sarah Northey had a successful career in luxury fashion before establishing the business over 3 years ago and incorporating in April 2014. Naughty Knickers first started selling direct to consumers via their website, prior to expanding into the wholesale sector a year later.

Naughty Knickers stocks a number of brands and is the exclusive UK wholesale distributor for French lingerie brand Maison Close. They’ve built up a strong UK client base, providing lingerie to well-known UK based retailers such as Figleaves and Coco de Mer, London. Naughty Knickers have most recently started supplying global online fashion retailer ASOS.

The business has taken on the funding package from Positive to help support their growth plans of doubling turnover over the next 12 months. By releasing some of the cash tied up in invoices, they have been able to expand their product range and increase stock levels.

Sarah Northey, managing director at Naughty Knickers 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.

“The flexible approach Positive took to our business made it an easy decision and I look forward to working with them in the future.”

David Smith, managing director at Positive said: “Naughty Knickers boasts an enviable client base supplying a niche high end product which when combined with Sarah’s ambitious nature made it a very appealing business to be involved with.

“We are delighted that she has decided to work with us and look forward to assisting her achieve her growth plans in the future.”

Positive is an independent invoice finance provider with offices in Manchester and Birmingham offering facilities from £10,000 to £1m.

This was posted in Bdaily's Members' News section by Nick Chapman .