Reward Finance funds kitchen worktop retailer’s growth plans

Published on

A Yorkshire-based kitchen worktop retailer is targeting further growth after agreeing an additional £150,000 funding deal with Reward Finance Group.

Gemini Worktops, based near York, is one of the UK’s largest suppliers of quartz and solid surface kitchen worktops and has an existing working capital facility with Reward

Earlier this year the company opened a new showroom at its Mason’s Yard HQ to complement its online business. This is equipped with innovative workspaces that can be used by professional interior designers, architects, builders and developers as a meeting place with clients.

Key to the next stage of Gemini’s growth is investment in stock to ensure it can meet growing demand, which is where the additional funding from Reward Finance Group, via its Business Finance product, is primarily set to help.

In addition to boosting its work surface stocks, the funding will also support the growth plans for Gemini’s sister company Mindful Memorials. This business provides memorials of all kinds to customers via its network of eight branches across Yorkshire, with all products designed and made at its York masonry yard.

Matt Rotherham, Gemini Worktops’ co-owner, 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. Chris Ibbetson and 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.”

Chris Ibbetson, relationship manager at Reward Finance Group, added: “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.”

Pictured (L-R): Chris Ibbetson, relationship manager at Reward Finance Group, with Matt Rotherham, co-owner of Yorkshire-based kitchen worktop retailer Gemini Worktops.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Mortgage lenders under fire as rates lag behind interest rate cuts

Mortgage holders are paying over £1,000 a year more than they should be, according...

Average English homebuyer to gain £41k in borrowing power

Homebuyers across England are set to benefit from a substantial increase in purchasing power,...

Somo revives summer offer with valuation discounts and free beer for brokers

Specialist lender Somo has announced the return of its August promotion, offering 90% off...

Property and finance sectors dominate shortlist for 2025 Social Mobility Awards

Firms from the property and financial services sectors have secured a prominent place on...

HTB completes £6.5m MUFB refinance in 36 hours

Hampshire Trust Bank has completed a £6.5 million refinance on a 63-unit multi-unit freehold...

Latest publication

Latest opinions

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Other news

Mortgage lenders under fire as rates lag behind interest rate cuts

Mortgage holders are paying over £1,000 a year more than they should be, according...

Average English homebuyer to gain £41k in borrowing power

Homebuyers across England are set to benefit from a substantial increase in purchasing power,...

Somo revives summer offer with valuation discounts and free beer for brokers

Specialist lender Somo has announced the return of its August promotion, offering 90% off...