Founded in 1999 by managing director Nick Glynne, Buy It Direct has grown from a high street computer repair shop to one of the largest, privately-owned online retailers in the UK, selling a range of home appliances, IT products and furniture to both consumers and businesses.
BGF’s investment will support Buy It Direct’s long-term growth strategy, aiming to reach business sales of £0.5bn in the next five years through product expansion, further development of own label products and strategic acquisitions.
Business funding insights
An independent optician with the vision to grow
Royston Bayfield, Bayfields Opticians, and Chris Boyes, an investor in BGF’s Yorkshire team, talks about the ins and outs of seeking and securing growth funding.
What is venture capital and when is it right for your business?
We look at the rise of venture capital in the UK, the types of businesses receiving support, and the pros and cons of this method of funding a business.