BGF backs Better Bathrooms with extra £4m

BGF had previously injected £10m into the UK-based bathroom retailer in exchange for a minority stake in 2013. The fresh funding was at the time earmarked to create 500 new jobs over the following five years by way of expansion into new international markets. The company also planned to use the financing to look into alternative suppliers.

Better Bathrooms stated it would look to further scale its business to achieve its growth plans following this latest capital injection; the company currently generates a £60m turnover, up from £32m at the time of BGF's original investment. It is aiming for revenues of £100m by 2018.

Company
Founded in 2001, Better Bathrooms is headquartered in Lancashire with showrooms in Birmingham, Cardiff, Edinburgh, Manchester, Leicester, Romford, Slough, Warrington, Wigan and York. The company supplies bathroom products, ranging from entire suites to smaller accessories. Sales channels include showrooms, websites and a telephone mail order catalogue. The company has also developed a trade-focused offer in recent years.

Better Bathrooms currently employs 400 staff, up from 75 at the time of BGF's first investment.

People
Business Growth Fund – Ben Barker (investor).
Better Bathrooms – Colin Stevens (founder, CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Consumer
• UK / Ireland
• United Kingdom
• BGF (Business Growth Fund)