Mattress firm bounces into expansion with NatWest support
Rotherham-based e-commerce firm, MattressOnline, plans to open up to three new retail premises over the next year, fuelled by a six-figure funding package provided by NatWest.
The £30m turnover company, which celebrated its 20 year anniversary in December, is set to expand across Yorkshire creating up to 30 new jobs.
It has already launched stores in Skipton, Sheffield, Roterham and most recently in Doncaster.
The business operates a not-for-profit mattress recycling programme and has, to date, taken 120,000 mattresses out of landfill.
MattressOnline CEO and founder, Steve Adams, said: “This expansion in our retail operation aligns with our mission to provide exceptional service and convenience to our customers while maintaining our positive contribution to the local economy and environment.
“We’re pleased to have partnered with Aaron and the team at NatWest Corporate Banking as we embark on this new chapter of our business journey.
“Their understanding of our growth ambitions, diligent advice and professional approach to the transaction gave us confidence in the decision to choose them. I look forward to the long term partnership we’ll be building on.”
NatWest relationship director, Aaron Carter, said: “We are proud to be supporting MattressOnline with their retail expansion.
Steve Adams
“As a company, they have consistently innovated and we look forward to supporting their continued success.
“This investment will have a positive impact on the surrounding economy and communities they operate in across Yorkshire.”
BHP Deal Advisory acted as lead advisor for MattressOnline on the transaction and introduced NatWest to the opportunity.
John Longstaff, director, added: “MattressOnline is a high-quality business with a clear strategy for growth. We are happy to have advised Steve and the wider team on this deal and in NatWest believe the business has secured an excellent long-term banking partner.”
Avril Higginbottom, Olivia Storey and Ben Slack of Clarion Solicitors provided legal advice on the transaction.
