Family investment office firm, Middleton Enterprises, with offices in Newcastle and London, has announced its funding of Upholstery2u, a mobile upholstery repairs provider.
Middleton Enterprises is investing £1.125m of growth capital in Upholstery2u to help the company consolidate its position in the UK and expand further internationally.
Upholstery2u offers on-site repairs of equipment or furniture upholstery. Traditional upholstery repairs often involve sending the damaged items away, resulting in significant downtime and expense – but Upholstery2u brings its high-spec mobile workshop to the customer’s doorstep, where fully trained upholsterers will complete repairs in as little as 30 minutes, with minimum disruption to business operations.
Founded in 2021 by brothers Daniel and Michael Boyle, Upholstery2u has completed repairs across a wide variety of industries.
Jeremy Middleton, CEO of Middleton Enterprises, says: “Upholstery2u is the type of fast-growing business that Middleton Enterprises likes to support. The founders describe themselves as ‘upholstery pioneers’ who have ‘ripped up the rulebook’. Indeed, no-one else appears to offer the same proposition and, to us, that represents significant potential. To that end, we believe it has the makings of a UK success story.
“Furniture and padding suffer constant wear and tear and damage, so there will always be an ongoing demand for Upholstery2u’s services. As the company expands – across the UK and beyond – we expect there to be plenty of opportunities for growth. In fact, we believe our relationship with Upholstery2u is likely to last beyond the typical three- to five-year investment period.”
Upholstery2u’s co-founder, Daniel Boyle, adds: “We found Middleton Enterprises’ growth capital to be especially appealing. It’s a different approach to other investors, and one we believe will offer us the flexibility our business needs as it grows. What’s more, as the co-founder of Homeserve, with its fleet of repair and maintenance vans and engineers, we saw Jeremy Middleton as an investor with a genuine understanding of how our business operates.”
The company also offers flexible upholstery maintenance contracts tailored to the customer’s needs and budget, plus a franchise opportunity.
