Gemini Worktops fuels expansion with six-figure funding deal

Yorkshire-based worktop retailer Gemini Worktops has secured additional funding of £150,000 to help the business expand.

Based near York, Gemini Worktops supplies quartz and solid surface kitchen worktops to the public and trade customers and has agreed a £150,000 extension to its existing working capital facility with the Reward Finance Group.

Gemini Worktops used its existing facility earlier this year to open a showroom at its Mason’s Yard HQ to complement its online business. The showroom incorporates workspaces that can be used by interior designers, architects, builders and developers as a meeting place with customers.

The additional £150,000 facility from Reward Finance will help Gemini Worktops invest in stock to make sure it can meet growing demand during the next stage of its growth.

The funds will also be used to support the growth plans for Gemini’s sister company Mindful Memorials, which provides memorials to customers through eight retail branches across Yorkshire. All products are designed and made at its yard in York.

Commenting on the new funding deal, Gemini Worktops co-owner Matt Rotherham (pictured above, right, with Reward Finance Group’s relationship manager Chris Ibbetson) said: “The funding facility provided by Reward Finance Group is tremendous for our business at this point, enabling us to fulfil our growth ambitions and capitalise on the opportunities we see. Being able to invest in stock is key to this, removing a potential barrier to growth, and helping us navigate the well-publicised global supply chain issues that all manufacturers are facing.

“Reward’s flexible approach is refreshing in our experience of working with finance providers, giving us a facility that means we can tap into funds as and when we require. The team there took time to understand the seasonality and short-term challenges that a business like ours can face and quickly provided a practical solution that will benefit us in so many ways, including being able to continue creating new skilled job opportunities.”

At Reward Finance Group, relationship manager Chris Ibbetson said: “Our Business Finance solution is ideal for companies like Gemini whose long-term growth plans can be held back due to short-term issues such as stock availability. Building strong relationships with our clients allows us to get close to their business and their ambitions and we are always delighted when we are able to provide additional funding to support them with their plans. We look forward to seeing the company grow as the Gemini Worktops and Mindful Memorials brands develop.”

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