One of the UK’s largest wholesalers of fashion jewellery has secured funding from Barclays to enable the management team to take the business forward.
Radford Supplies Ltd, a family owned business based in Nottinghamshire, has secured the funding that will enable the management team to buy back the shares from the eldest brother and majority shareholder, thus creating a new management structure to grow the business which will see Sales Director, Mark Cohen join the Board.
The second generation business was established in 1973 by Bill Radford. Today the business is owned by brothers Matt Radford and Dan Radford, along with the new addition of Mark. The company’s head office and distribution centre is based on Little Tennis Street in Nottingham, with satellite offices in London and Barcelona along with 2 further representative offices in China.
The business specialises in the import and distribution of fashion accessories including jewellery, hair accessories, handbags, purses and scarves and has a stock product range of over 2,000 items. Radfords also supplies many of Europes largest and best known high street names.
Commenting on the funding, Matt Radford said: “This funding will enable us to restructure the management team enabling Steve Radford to retire from the business and we wish him all our best wishes for future. Our aim going forward is to look to expand the business into new markets and to grow our product range further.”
Ian Evans, Relationship Director at Barclays said: “I am delighted we have been able to support the business in their next stage of growth. The family business has grown steadily over the years and I look forward to watching the business grow further as they enter new markets.”
Today the company turns over in excess of £12 million and employs 40 staff.
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