Furniturebox, a UK-based online furniture company, today announced that it has secured new financial support from Barclays to drive the business’ impressive growth trajectory as it continues to expand product lines and provide innovative offerings.
Founded by two 17-year-old best friends in 2015, Furniturebox has expanded from two founders to over 80 employees, and achieved over £25m in annual revenue in 2024. The company recently expanded into a new 88,000 sqft, purpose-built warehouse in Chippenham, and launched in the US market in late 2023.
Following Furniturebox’s accelerated growth in the UK market and fast-expanding US footprint, Barclays has committed a £1m trade loan tailored to the Furniturebox’s future growth aspirations – including continued investment in product innovation, supply chain diversification to mitigate tariff exposure and continued job creation following expansion into the Chippenham facility.
Dan Beckles, co-founder of Furniturebox, says: “Our products are the heartbeat of our business and the driver of our growth. With Barclays’ support, we can invest in bold new designs, strengthen our supply chain and continue to deliver on our promise of affordable, on-trend furniture delivered next day. By broadening our reach and introducing innovative designs, we can stay ahead of market changes and ensure we’re resilient for the future.”
Martin Crook, relationship director at Barclays UK Corporate Bank, adds: “As a successful UK-founded and operated business, companies like Furniturebox serve as job creators and wealth generators for the local economies in which they operate. Innovative and forward-thinking, it's teams like these that truly underpin the growth of the UK economy. As they continue to invest in innovation and international expansion, we’re proud to be supporting Furniturebox in what promises to a fruitful and exciting next chapter for their business.”
Pictured: Furniturebox founders Dan Beckles and Monty George
