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Tottenham-based e-commerce enterprise Vanquish Fitness has obtained a £1 million trade loan from NatWest, secured by UK Export Finance (UKEF), in a strategy intended to propel its development and broaden its presence in global markets.
Established in 2014, Vanquish has carved out a niche in the competitive athleisure and gymwear sector, providing premium active streetwear to an international clientele. With robust sales in the UK and the US, the brand now intends to expand further, utilizing the new capital to invest in products, fortify supply chains, and explore prospects in North America.
The versatile trade loan facility enables the company to access funds as needed, ensuring prompt payments to overseas suppliers, preserving inventory levels, and minimizing the risks of delays or shortages — issues that have hindered numerous e-commerce brands in recent years.
Co-founder and CEO Oliver Maloney remarked that the alliance represented a pivotal moment for the enterprise.
“This financing from NatWest is transformative for us. It empowers us to manage our cash flow more efficiently, guaranteeing on-time payments to our suppliers and averting any disruptions in our supply chain. With this assistance, we’re well-positioned to continue our growth journey and explore new market avenues while building on our success in the US.”
The arrangement is part of NatWest’s broader initiative to enhance trade finance for small and medium-sized enterprises (SMEs), providing working capital support to assist businesses in expanding into new markets.
Ayaz Sadiq, Relationship Director at NatWest, stated: “By utilizing our trade finance solutions and specialized knowledge, we are able to assist businesses like Vanquish Fitness that wish to advance their operations and achieve growth in new domains.”
Ellie Morrison, Trade Finance Manager at NatWest, emphasized that the loan exemplifies the bank’s ongoing dedication to the SME sector.
“This financing delivers the essential working capital to assist the business in overcoming cash flow obstacles and realizing its growth aspirations, which highlights our commitment to supporting SMEs and fostering economic progress.”
The involvement of UK Export Finance emphasizes the government’s commitment to supporting British brands with international potential.
Keisha Silvera, Export Finance Manager at UKEF, said: “We’re delighted to assist Vanquish Fitness in collaboration with NatWest. They’re a business that’s poised to build upon their strong domestic foundation and scale in significant export markets like the US.”
By providing the guarantee for NatWest’s trade loan, we’re aiding Vanquish Fitness in maintaining dependable supply chains while they pursue their growth objectives in the competitive global athleisure market. This illustrates precisely what UKEF stands for: assisting British businesses in overcoming financing hurdles and successfully competing on the world stage.”
With the demand for athleisure continuing to rise globally, the funding positions Vanquish to take advantage of both new product development and international expansion, supporting its goal of becoming a leading British brand in the global activewear market.
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