Northampton ecommerce company, James and James Fulfilment, has secured a seven-figure revolving credit facility from HSBC UK to support the company’s expansion plans.
The additional facility comes following the announcement of the company’s move to a new fulfilment centre in Northampton to support a growing demand from customers. The new site, which is approx. 200,000 sq ft, will not only help to support an influx of new clients, but will also generate up to 200 new jobs within the local community over the next three years.
Since the start of lockdown, the company, which created the first digital only fulfilment house enabling the fulfilment of services for online retailers, has seen an increase in customer demand across its markets, including hair and beauty, fashion and pet supplies.
By continuing to operate throughout the pandemic to meet this demand, the company has not only been supporting its UK customer base, but also its operations across sites in Ohio in the USA and in New Zealand.
Simon Lisser, Chief Financial Officer at James and James Fulfilment, said: “We have seen significant growth of the business over the past year and particularly over the past few months since the start of the lockdown, where we saw an increase of over 50 per cent, as customers shifted to online purchasing. The facility from HSBC UK will further support our exciting expansion plans as we prepare for the future.”
David Ramsden, HSBC UK South Midlands Area Director, added: “Providing the right support for our customers is crucial and we were pleased to be able to help the team at James and James with their expansion plans. The new site will place the company in the best possible position to meet changing customer requirements and support increased stock volumes through the fulfilment centre.”