Another specialist wholesaler raises capital to fund expansion plans

An office supplies wholesaler based in Selkirk has announced plans to expand its presence in the UK, after securing a working capital facility with Bank of Scotland.

Established over 40 years ago, Office Specialties began as an office furniture repair business before specialising in the provision of replacement locks and keys, and has since increased its range of services to include stationary, office furniture, catering and janitorial supplies.

The wholesaler says the facility will free up cash flow, enabling it to concentrate its efforts on making investments to grow the business and broaden its presence in the UK market.

With an annual turnover of £1.9m, Office Specialities is now recruiting for its sales team as it looks to add customers to its UK portfolio.

Stuart Kemp, director, said: “Our family bought Office Specialties in 1995 and introduced new services to remain competitive. We’ve recently renovated our office into a showroom for our products, and decided to invest further in our customer services team to increase productivity.

“Working with Bank of Scotland has been really refreshing. The team quickly grasped the nature of our business, providing us with a facility that has the flexibility to turn our growth vision into a reality. The online system, provided by the bank, is very easy to use and it immediately makes funds available to help manage our cashflow.”

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