UK Wholesaler Clearance King has expanded into new premises in Stockport having secured additional funding.
Established over 60 years ago, the family owned business has acquired the freehold at MTS House, Heaton Mersey Industrial Estate to cater for increased demand having secured funding from Santander Business Banking.
The company, which specializes in supplying pound line goods and a variety of fast-selling branded and unbranded products imported from manufacturers such as in China, saw substantial annual revenue growth in FY2018.
The new premises will allow the business to further accommodate future growth.
Shazada Ahmed, director at Clearance King, said:
“Thanks to our buying capacity we compete extremely effectively with other major wholesalers and this extra space will help increase our competitiveness even further.
“The funding from the team at Santander has been key to helping Clearance King invest for growth.”
Afsar Hussain, business relationship director at Santander Business Banking, added:
“Clearance King is positioned right at the heart of the UK’s vast value retail sector and this move highlights the firm’s appetite for continued success.
“Its business model is based around a high volume of low-cost goods and we are delighted to help Shazada and his team meet their aspirations for growth.”