Published: Aug 15, 2022
Focus: MEIF Maven Debt Finance
CW Sellors has secured funds from MEIF Maven Debt Finance, via the Recovery Loan Scheme. Established in 1979, the business is one of the UK's leading fine jewellery and luxury watch specialist, and is an approved retailer for many leading brands including IWC, Breitling, TAG Heuer, Fope, Mikimoto, Gucci and Faberge.
The funding will enable CW Sellors to open a new design and manufacturing facility in Carsington, Derbyshire, which will include a jewellery boutique retail store, exhibition space, tours for visitors, and a café. The funding will also help the business to expand its team and support sales and marketing activities to boost revenue growth.
“This is a really exciting time for CW Sellors and the expansion of their design and manufacturing centre could see a continuing number of prosperous years ahead for the business. Following an introduction from Midlands Asset Finance we are delighted to be able to support the business through this key growth stage.”
Richard Altoft, Investment Director for Maven
“It has been a pleasure to work with Maven at this important time in the development of our business. Raising finance can be a difficult and often quite painful process but Richard was very pragmatic and supportive, and, in the end, the whole experience was very straightforward.”
Chris Laud, Head of Finance of CW Sellors
“The MEIF supports businesses such as CW Sellors looking to expand in the Midlands region. The funding will be used to create a new manufacturing facility, while creating new jobs and helping to level up the company. We encourage other SMEs in the area to consider MEIF funding to support development."
Lewis Stringer, Senior Manager UK Network at the British Business Bank
“It’s great to see a local, family-run business thriving and being prepared to invest to grow. SMEs are the backbone of our economy, and we’re very proud to be able to support businesses like CW Sellors who are at the forefront of the economic recovery post-Covid.”
Will Morlidge, chief executive of D2N2 Local Enterprise Partnership