£1m funding boost for Manchester-based vintage clothing retailer Lindy Bop

Vintage clothing retailer Lindy Bop is looking to expand after securing a seven-figure funding package from HSBC.

The Manchester-based business will use the £1m boost to increase its overseas manufacturing capacity, enabling it to meet an increasing demand.

Just recently, Lindy Bop won a contract to supply high street retailer Debenhams and launched an online store in Germany.

Over the next 12 months, Lindy Bop is expecting to see its revenue leap by 25% and plans to increase its workforce.

The independent clothing company designs and sells vintage fashion products, including dresses and accessories, direct to customers a retailers.

Kieron Ellis, Lindy Bop’s finance director, said: “We are delighted we’ve received financial support from HSBC.

“As vintage fashion continues to thrive in today’s culture, the funding package has placed us in a great position where we can adequately meet customers’ expectations by providing a high quantity of our products to new and existing retailers in the UK and abroad.”

He added: “Following the HSBC funding, we expect our turnover to increase by a quarter within the next year and we look forward to new opportunities that arise as we continue to grow our business.”

HSBC’s area corporate director in Manchester, Jason Trigg, commented: “We strive to help SMEs grow and we are delighted to welcome Lindy Bop to HSBC.

“The company is the perfect example of the businesses we support: passionate about what they do and dedicated to taking their business one step further.”

He continued: “Effective cash flow management is vital to ensure that businesses make the most of opportunities to grow and we put together a package that would help Lindy Bop boost profitability in the long-term.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →