Upholstered furniture manufacturer Lebus Upholstery has secured an undisclosed Asset-Based Lending (ABL) facility from Independent Growth Finance (IGF) to accelerate its strategic growth ambitions.
Established in 1840, Lebus Upholstery is renowned for its commitment to British manufacturing. The company has built a reputation for delivering high-quality, bespoke upholstery solutions while continually evolving to meet shifting consumer demands and market trends.
Operating from its 250,000 sq. ft manufacturing facility in North Lincolnshire, the business combines over 180 years of craftsmanship with continued investment in modern production capabilities, quality, and design.
To support the next phase of the company’s expansion, IGF has structured a flexible ABL facility. This funding provides vital working capital to support ongoing operational investment, enhance production capacity, and create financial headroom to seize future market opportunities.
Karl Walker, Managing Director at Lebus Upholstery said: “We work with leading furniture retailers across the UK and Ireland and are constantly striving to build on our excellent reputation. This backing from IGF will play a pivotal role in our long-term growth strategy, enabling us to keep pace with market dynamics and consistently meet our customers’ evolving requirements.”
The deal was originated by John Savage, who worked closely with Kirsty Wilgoss on underwriting and structuring the facility. A strong team effort from across IGF in delivering a funding solution aligned to the business’s future ambitions.
John Savage, ABL Director at IGF in Leeds commented: “It’s fantastic to support a thriving, long-established local business as they scale up their investments and enter their next chapter of growth. Asset-Based Lending is a highly flexible solution designed to provide robust working capital during critical expansion periods. Lebus Upholstery is a fantastic example of British manufacturing excellence, and this funding will allow them to significantly enhance their market offering.”
