Letterbox4You delivers business growth with Liberis
Our story
Letterbox 4 You is a global e-commerce business specialising in producing and selling individual and communal post boxes. Founder Dominic started the business in 2012, selling on eBay. Today he manages a team of eight in 7,000 ft premises servicing customers globally.
The challenge
The business had been growing organically by slowly reinvesting profit. However, it was beginning to reach a plateau and needed a cash injection to take it to the next level.
“To catapult the business further and build on our success, we needed to respond to the demand that bigger opportunities required. The revenue we were making wasn’t enough to sustain the pace of new business. Demand was increasing and bigger projects were presenting themselves, but we didn’t have the upfront cash to prepare and deliver for these customers.”
“The funding allowed us to scale up in several ways. Increased stock levels meant we could service bigger customers."
Letterbox4YouDominic- The solution
Dominic contacted Liberis for a cash advance. This access to expedited and flexible funding allowed him to pay upfront for the inventory needed to take on new large-scale projects that would elevate the business.
“The funding allowed us to scale up in several ways. Increased stock levels meant we could service bigger customers. This allowed us to cover the overheads of larger premises, bring in new team members and start investing in marketing – our key competitors are Amazon and large producers in China, so we have big competition to stand out against!”
Working with Liberis to obtain a cash advance has breathed new life into Letterbox 4 You, with compelling results.
- 20% business growth in 2021 vs 2020
- 50% increase in marketing spend. 55% increase in staff