11 July 2025, 03:23
By Furniture News May 02, 2025

Hypnos secures long-term financing commitment

British mattress manufacturer Hypnos has secured long-term financing from Independent Growth Finance (IGF), providing "a strong foundation for growth".

Hypnos says the new asset-based lending facility will provide the business, which has a rich, 120-year heritage, supplying bespoke beds for both the retail and hospitality markets, with a platform to capitalise on growth and development opportunities across the UK and internationally.

John Savage, ABL director at IGF, comments: “With a strong legacy and a clear vision for the future, Hypnos is in a great position for its next phase of growth. We’re proud to support such an iconic British brand with a flexible asset-based lending (ABL) facility, designed to scale and adapt alongside their evolving growth plans.”

The refinancing follows a period of strategic change and focus for the group over the last two years, with significant investment in new IT infrastructure, a new logistics partner for a more sustainable delivery service, and exiting from five operating sites. Together, says Hypnos, these changes will see it focus on its core and historical specialism of handcrafted mattress and bedmaking through "a more efficient and sustainable operating model".

“This is an extremely positive start to 2025 for the team at Hypnos, supporting our ambitious goals for future growth,” says David Baldry, Hypnos' group MD. “The company still has some optimisations to make and we will continue to evolve with business and market needs, however we now have a secure operational and financial foundation for growth over the coming decades.  

"I’m proud of the commitment from the board and wider team to the company whilst we have been making these changes to deliver further improvements of their own across our business.  My thanks go out to them.”

Having experienced a strong start to 2025 in the UK in across retail and hospitality sectors, the brand recently launched a new Wool Series mattress collection into the US, and is seeing international growth thanks to its partners in Europe, South Korea, South Africa and beyond.

James Keen, Hypnos' CEO, says: “Having just celebrated our 120th year, Hypnos is now well positioned for growth. As a fifth-generation, family-owned business, the Keen family are passionate about developing and leading the sector. I am excited to work with such a talented team to deliver our next chapter as a great British brand.”

PwC’s Debt & Capital Advisory team advised on the deal, led by Emma Lister, with support from Richard Davies, Alex Retamal and Emily Stansfield. Emma comments: "We are delighted to have supported Hypnos with this successful refinancing. This transaction highlights the importance of the ABL market in providing flexible financing solutions for businesses that sit at the heart of UK craftsmanship.”

Pictured: James Keen and David Baldry


RELATED CONTENT


Alt text here
Apr 10, 2024 Profiles

Hypnos looks ahead

In October 2022, driven by a desire to secure its long-term future, Hypnos embarked on a period of transformation which culminated this February with…

Alt text here
May 01, 2025 News

Hypnos head wins industry award

Ashley Garside, Hypnos' head of operations, has won the Production Leader award in the Next Generation Awards 2025.

Alt text here
Jan 02, 2025 News

Hypnos receives broader Royal Warrant from King Charles

British bedmaker Hypnos has been appointed by His Majesty King Charles III with a Royal Warrant as a manufacturer of beds, mattresses and upholstery.

Alt text here
Jan 31, 2025 Event Review

Hypnos celebrates British bedmaking at Las Vegas Market

Hypnos is supporting its growth in the US by exhibiting at Las Vegas Market with its partner for the region for over 10 years, Paramount Sleep…

© 2025 Lewis Business Media. All Rights Reserved.