Wednesday, August 10, 2022

Yorkshire kitchen worktop retailer targets further growth following £150,000 funding deal

A Yorkshire-based kitchen worktop retailer is targeting further growth after agreeing an additional £150,000 funding deal with Reward Finance Group.

Gemini Worktops, based near York, is one of the UK’s largest suppliers of quartz and solid surface kitchen worktops and has an existing working capital facility with Reward.

Earlier this year the company opened a new showroom at its Mason’s Yard HQ to complement its online business. This is equipped with innovative workspaces that can be used by professional interior designers, architects, builders and developers as a meeting place with clients.

Key to the next stage of Gemini’s growth is investment in stock to ensure it can meet growing demand, which is where the additional funding from Reward Finance Group, via its Business Finance product, is primarily set to help.

In addition to boosting its work surface stocks, the funding will also support the growth plans for Gemini’s sister company Mindful Memorials. This business provides memorials of all kinds to customers via its network of eight branches across Yorkshire, with all products designed and made at its York masonry yard.

Commenting on the new funding deal, Gemini Worktops’ co-owner Matt Rotherham said: “The funding facility provided by Reward Finance Group is tremendous for our business at this point, enabling us to fulfil our growth ambitions and capitalise on the opportunities we see. Being able to invest in stock is key to this, removing a potential barrier to growth, and helping us navigate the well-publicised global supply chain issues that all manufacturers are facing.

“Reward’s flexible approach is refreshing in our experience of working with finance providers, giving us a facility that means we can tap into funds as and when we require. Chris Ibbetson and the team there took time to understand the seasonality and short-term challenges that a business like ours can face and quickly provided a practical solution that will benefit us in so many ways, including being able to continue creating new skilled job opportunities.”

Chris Ibbetson, relationship manager at Reward Finance Group, added: “Our Business Finance solution is ideal for companies like Gemini whose long-term growth plans can be held back due to short-term issues such as stock availability. Building strong relationships with our clients allows us to get close to their business and their ambitions and we are always delighted when we are able to provide additional funding to support them with their plans. We look forward to seeing the company grow as the Gemini Worktops and Mindful Memorials brands develop.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.