£1m funding from Barclays for e-commerce retailer of eclectic homeware

March 17, 2017
By

Frome-based online homeware retailer company Cox & Cox has received a £1m cash injection from Barclays to support future growth.

The £11m turnover business sells more than 1,300 eclectic items on its website ranging from lighting, rugs, textiles and furniture to a growing outdoor furniture range.  

It describes its products as “practical but also beautiful aimed at individually-minded customers who want to create a unique and beautiful home”. Many of these are not available in other traditional catalogues.

The company, which employs 32 staff at its office and warehouse, sought the additional funding from Barclays to “take the company to the next level”, according to owner Roderick Taylor.

“The new funding will allow us to expand our capacity and leverage efficiencies in order to capitalise on the dynamic growth seen over the last few years,” he said.

“We’re delighted that Barclays has provided the funding, understands our model and offers exemplary relationship management.”

Barclays relationship director, mid-corporate South West, Martin Crook, added: “It’s great to see a local business with a national profile expanding and contributing to the local economy, whilst also embracing the potential provided by the online market-place. 

“We are fully committed to and look forward to supporting the business with its commercial expansion as it builds on its success and proven reputation with both new and existing customers.”

 

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