Designers Guild, a leader in the design and wholesale industry for furnishing fabrics and wall coverings, has secured a facility with Independent Growth Finance (IGF) to fuel their growth objectives and bolster their market position.
With a remarkable history dating back to 1970, Designers Guild is headquartered in North London, and is renowned as a designer and wholesaler of high-quality furnishing fabrics. Catering primarily to the interior design sector.
The company is headed and owned by brother and sister, Tricia Guild, Founder and Creative Director, and Simon Jeffreys, Group Chief Executive. Designers Guild holds an impressive legacy, with Tricia Guild, actively contributing her expertise for over 50 years, earning an OBE in recognition of her outstanding impact in the world of interior design.
Having maintained market position through the COVID years, Designers Guild sought a funding partner that could support future growth and managements aspirations to invest in key areas of their business: enhanced product development, expanding into new markets, and fortifying their operational capabilities.
IGF was chosen as the ideal partner to meet their funding requirements, tailoring an asset-based lending solution, incorporating an inventory facility, that met their future requirements.
Simon Jeffreys, CEO of Designers Guild, commented ” We met with decision-makers very early in the process, something that gave us confidence, and it was clear we were dealing with a relationship driven lender. Having spent many years working with high street banks, we found IGF’s personal and solution-oriented approach refreshing and the flexible ABL facility delivered puts us in a great place to continue growing the business, this year and into the future.”
Oliver Smith, Business Development Manager at IGF comments, “We are pleased to have partnered with Designers Guild, supporting their future growth, and providing them with the facility they needed to forge ahead confidently. ‘We take pride in our ability to understand our clients and their unique challenges and ambitions. This approach means we are able provide funding solutions that meet the specific needs of our clients. Special thanks to David Oliver at Alliance Commercial Finance for the valuable support alongside the deal. We look forward to working with Simon and the team going forwards”.
