Leigh firm Better Bathrooms secures multi-million pound funding to create 100 jobs

Bathroom retailer Better Bathrooms is set to create 100 jobs across the country with a seven-figure funding boost from Business Growth Fund (BGF).

The £4m in follow-on funding comes after BGF invested £10m in the Leigh-headquartered firm back in July 2013.

To date, BGF has invested £14m in Better Bathrooms, retaining a minority stake.

The company, which has 10 retail showrooms across the UK and employs more than 400 people, is on track to achieve over £60m in sales during the current financial year, up from £31m when BGF first invested in the company in 2013.

Better Bathrooms is now aiming to smash the £100m sales barrier by 2018.

Colin Stevens, the firm’s CEO and founder, said: “These developments mark an important step for the business as we look to add further scale to the business.

“Our long opening hours of up to 10pm, seven days a week – and leading service levels with our own fleet dedicated two-man delivery – mean that we continue to take market share from all the major bathroom retail and DIY chains.”

He added: “With additional support from BGF funding, we can work towards strengthening our mission statement – to be better on every level.”

BGF investor Ben Barker commented: “Colin has a clear vision for the future growth of Better Bathrooms, and the team has a huge amount of energy for scaling the business.

“We are happy to be providing the growth capital to support their plans.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.