Naughty Knickers secures funding

High-end lingerie wholesaler, Naughty Knickers has secured 50,000 pounds in funding from Manchester-based, invoice finance specialists, Positive Cashflow Finance.

The Newcastle-based business, founded by Sarah Northey three years ago and incorporated in April 2014, first started selling direct to consumers via its website before expanding into wholesale. It currently stocks a number of brands and is the exclusive UK wholesale distributor for French lingerie brand Maison Close. Naughty Knickers also provides lingerie to retailers such as Figleaves, Coco de Mer and most recently Asos.

The funding boost from Positive Cashflow Finance is set to be used to support its growth plans, with the aim of doubling its turnover in the next 12 months by expanding its product range and increasing stock levels.

Naughty Knickers partners with Positive Cashflow Finance

Managing director Sarah Northey said: “To take the business to the next level we needed more cash available to invest in the business and felt that invoice finance was the perfect solution for us as the funding will increase as we grow.

“The flexible approach Positive took to our business made it an easy decision and I look forward to working with them in the future.”

David Smith, managing director at Positive added: “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.

“We are delighted that she has decided to work with us and look forward to assisting her achieve her growth plans in the future.”

Image: Maison Close