Family investment office firm, Middleton Enterprises, with offices in Newcastle and London, today 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 as a market leader 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.
Upholstery2u brings its pioneering, high-spec mobile workshop to a customer’s doorstep, where its skilled, fully trained upholsterers will complete repairs in as little as thirty minutes for minimum disruption to business operations.
Founded in 2021 by brothers Daniel and Michael Boyle, Upholstery2u has successfully completed repairs across a wide variety of industries including gyms, where constant use causes leather and alternative fabrics to show signs of wear and tear; hotels, where ripped or damaged furniture can lead to downtime and rooms becoming unavailable; pubs and restaurants, airports, educational establishments, and healthcare providers.
The funding round marks the latest investment made by Middleton Enterprises in a fast-growing business planning to expand its presence, following its funding of quick service restaurant (QSR) SushiDog in April 2023 and January 2024.
“Upholstery2u is the type of fast-growing business that Middleton Enterprises likes to support," says Jeremy Middleton, CEO of Middleton Enterprises. "The founders describe themselves as ‘upholstery pioneers’ who have ‘ripped up the rule book’. 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, said: “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."
