Expansion and job creation at York-based Neo Walk with Business Enterprise Fund

A York-based businesses is set to expand, hire three people and safeguard nine jobs thanks to a £60k loan delivered by Business Enterprise Fund (BEF).

In 2013, York-based Neo Walk, a manufacturer of designer walking sticks, emerged from the heart of Lyndsay Watterson’s kitchen as a vision brought to life. With a wine bottle as her first mould, Lyndsay set out to create something extraordinary. Fast forward to today, Lyndsay and her dedicated team at Neo Walk send exquisite acrylic walking sticks to customers worldwide.

Neo Walk has always been about more than just mobility aids; it’s a celebration of style, individuality, and resilience. Recently, Neo Walk joined forces with Christina Applegate, a renowned American actress who, despite her recent diagnosis of Multiple Sclerosis, continues to inspire millions.

Neo Walk walking sticks are much more than walking aids; they are statements of style and quality. Each stick is crafted from high-quality material to ensure durability and reliability. Currently, sticks are offered in a range of colours and designs to perfectly match individual personalities.

The business plans to compliment the current range with a custom design service that offers customers a walking stick that truly reflects their uniqueness.

Lyndsay’s journey to success is nothing short of awe-inspiring. In 2007, she faced the daunting challenge of battling MRSA after a medical procedure, resulting in irreparable damage to her left leg. Three years later, at age 43, she made the courageous decision to have her leg amputated, embracing a new chapter in her life.

Undaunted by her disability, Lyndsay swiftly adapted to using a prosthetic leg and embarked on a journey of extraordinary achievements. She trained to be a circus performer and proudly participated in the 2012 Paralympics Opening Ceremony in London. Her story is a testament to the power of resilience and determination.

Recognising the immense potential of Neo Walk, the company sought support from the Business Enterprise Fund (BEF). BEF responded by delivering a £60,000 loan which was backed by the Recovery Loan Scheme (RLS). The seamless four-week loan delivery process involved Lyndsay working closely with Chris Conroy, investment manager at BEF.

The impact of this financial support extended beyond Neo Walk. It significantly boosted working capital, leading to the creation of one full-time job and two part-time positions, while also safeguarding nine existing jobs.

Lyndsay said: “Life may present unexpected challenges, but it’s in our power to turn them into opportunities. Neo Walk is not just about walking sticks; it’s a symbol of resilience, individuality, and the limitless potential within us all.”

Chris Conroy, investment manager at BEF, commented: “The investment reflects our commitment to supporting women-led businesses with the finance they need to start or grow their business and impact the communities they serve. Supporting Lyndsay and Neo Walk has been incredible.

“Lyndsay’s tenacity and dedication to innovation is awe-inspiring. We are honoured to be a part of her remarkable journey and wish her every success as she continues to grow the business.”

By Mark Adair – Correspondent, Bdaily

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