Direct Online Services, a Gloucester, UK-based online retailer of solid wood kitchen worktops, received a £3m investment.
Business Growth Fund made the investment.
The company intends to use the funds to grow in the UK, expand its European coverage across Germany and into France, increase its range of products and invest further in its marketing activities.
Co-founded in 2009 by father and son Martyn and Will Rees, Direct Online Services operates such brands as Worktop Express, Solid Wood Kitchen Cabinets, deTerra and WEX Trade, manages nine individually branded websites, four eBay Shops, its own fleet of vehicles and has opened showrooms in Gloucester, Harlow, Chesterfield, Warrington, Redhill and Camden. It also sells laminate worktops and new kitchen components, such as sinks and cabinets.
The company, which employs close to 200 people with sales expected to exceed £25m this year, currently operates in Germany, the Czech Republic and Poland.
FinSMEs
17/10/2016