Cloud Nine 'set to soar' with £19 million boost

A hair and beauty firm says it is set for global growth after securing “milestone” £19 million funding.

Cloud Nine has been backed by HSBC.

Bosses say the support will enable the Harrogate-based hair dryer, straightener and curler business to “continue delivering products for customers around the world”.

They add the funding – secured through term and revolving credit facilities – will help the company build on turnover that stood at £43.8 million in the 15 months to March 31, 2025.

Martin Rae, Cloud Nine non-executive chair, said: “This package marks an important milestone as we continue to invest in delivering high-quality, temperature-controlled products for customers around the world.”

The retailer was advised on the funding deal by Leeds and Bradford-based law firm Gordons through a team led by banking partner Ben Roden alongside banking lawyer Gresa Bakolli, corporate partner James Fawcett and corporate lawyer Lisa Murphy.

Ben said: “It’s been great to work closely with the founders, Cloud Nine’s finance team and HSBC to further propel the business as it enters the next phase of its journey.”

Stephen Smith, HSBC UK senior relationship director, added: “Cloud Nine has demonstrated impressive progress since its launch and continues to build a strong presence in the industry.”

The deal also involved Australian components, with law firm Mills Oakley supporting Cloud Nine from its Melbourne office.

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