Naughty Knickers gets Positive

MANCHESTER-based Positive Cashflow Finance has backed lingerie wholesaler, Naughty Knickers.

It has provided the Newcastle firm with a £50,000 invoice finance facility to help support the firm’s growth.

Naughty Knickers was founded three years ago by Sarah Northey who started with a retail website.

The business is now selling to retailers such as Figleaves and online fashion retailer ASOS.

David Smith, managing director at Positive, said: “Naughty Knickers boasts an enviable client base supplying a niche high end product which when combined with Sarah’s ambitious nature made it a very appealing business to be involved with.”

Positive provides finance ranging in size from £10,000 to £1m.