Personal shopping firm luxx to prosperous future
A Nottingham-based personal shopping and fashion styling service established just three years ago has revealed its ambition to become “a multimillion-dollar company within the next 10 years” after bagging £25,000 in funding.
Luxxshopper specialises in sourcing rare and limited-edition fashion products, such as Louis Vuitton bags, Nike collaborations with Travis Scott, and vintage clothing.
It is planning to use the five-figure funding boost – provided by First Enterprise – Enterprise Loans via Big Society Capital’s (BSC) Community Investment Enterprise Facility (CIEF) – to acquire more stock, enhance its online shopping experience for customers, and invest in marketing to reach more potential customers.
Aaron Burke-Hall, founder of Luxxshopper, said: “As we’re all about quality service and products, since 2020, we’ve been building our brand and service to reflect that commitment. However, high demand from our clients has led us to expanding our supply. We then went for funding with First Enterprise – Enterprise Loans to expand our stock levels to meet our demand and grow our business into a multimillion-dollar company within the next 10 years.”
First Enterprise – Enterprise Loans, a not-for-profit organisation, provides government-backed business loans of between £500-£250,000 to start-ups and SMEs.
Nabeel Akhter, investment manager at First Enterprise – Enterprise Loans, said: “It was a great pleasure working with Aaron. I have always seen him very responsive to my queries and having complete knowledge about his business. I wish him all the future success and Luxxshopper to become a very famous brand.”
Victoria Crisp, investment manager at Big Society Capital, added: “Startups and SMEs can play a vital role in their community by creating and sustaining jobs for local people and supporting local economic activity – very often for disadvantaged areas. However, getting the finance they need from high street banks is often challenging.
“This is where community lenders like First Enterprise come in – which make finance more accessible to underserved founders and business leaders. We are delighted to have supported First Enterprise in making this investment through our CIEF fund.”
