Gymwear firm boosted by £1 million expansion lift

An athleisure and gymwear retailer is pumping up growth plans after securing £1 million support.

Vanquish Fitness has been backed by NatWest and UK Export Finance.

Bosses at the Enfield-based firm say the “game-changing” boost – delivered through a trade loan – will open new markets while strengthening cash flow management, bolstering international supply partnerships and expanding stock purchasing.

They add the support will allow the Tottenham-founded business to “draw down funds as needed… to maintain stable supply chains, respond to market demands and mitigate stock shortage risks and delivery delays”.

Oliver Maloney, co-founder and chief executive of Vanquish Fitness, which sells to customers across the UK and US, added: “With this support, we’re well positioned to continue our growth trajectory and explore new market opportunities.”

Ayaz Sadiq, relationship director at Natwest, said: “By leveraging our trade finance solutions and specialist expertise, we are able to support businesses like Vanquish Fitness who want to take the next step in achieving growth in new areas.” 

Keisha Silvera, export finance manager at UK Export Finance, added: “We're pleased to support Vanquish Fitness in partnership with NatWest. 

“It is ready to build on a strong domestic foundation and scale up in key export markets.”

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