Nabbd and Fleximize Are the Perfect Match

There’s nothing boring about Nabbd – the Wimbledon bridal shop catering for bridesmaids only

 

Key Details

The business

Trading for: 12 months

Sector: Retail

Location: London

Reason for funding

Securing high-street premises

Solution

- Unsecured business loan

- Fixed repayments

- £10,000 over 16 months

- Funding time: two days

- Loan topped up twice

Results

- Launch of high-street presence in Wimbledon, London

- New lines added

In a class of its own

They say the best businesses are born out of a simple solution to a problem, and we think Nabbd is just that.

The concept stemmed from Polly’s own buying experience while organising her wedding. She felt well catered for as the bride, but there was little choice for her bridesmaids, so she ended up having to compromise with some dresses that “would do” and a colour she hadn’t intended to go for due to the limited range.

Nabbd is the first UK bridal shop of its kind, solely stocking bridesmaid and flower girl dresses. Another distinctive element of Nabbd is the product range, Polly carefully selects dresses from a selection of UK and US designers and sells them at affordable prices, all made-to-measure, and in a huge array of colours.

Offering the perfect blend of digital and storefront

Polly clearly has an eye for detail, offering an immaculate shop and a lively, engaging e-commerce store for her customers and prospective buyers.

The chic boutique-style shop now stocks around 250 dress samples, and Polly and her small team offer the full VIP experience for brides and their bridesmaids. They offer glasses of bubbly and a floor dedicated to trying on samples and selecting their perfect style and colour.

Not Another Boring Dress Shop
Not Another Boring Dress Shop :

Nabbd is a boutique experience, offering bridesmaids a wide range of hand-picked designer styles, at affordable prices.

No luck with traditional lenders

After trading initially as an online shop only, it became apparent that Nabbd needed its own shop to attract and cater for more bridesmaids. However, with little trading history, finding the small business finance required to move to the high street wasn't going to be easy.

Polly hit a brick wall trying to access the more traditional funding routes, but after much frustration, the ideal solution arrived after a friend recommended Fleximize.

Enter Fleximize

After getting to know Polly and seeing the massive potential in her and her business, Fleximize lent Polly £10,000 over 16 months to secure her Wimbledon premises. Since then, Fleximize has lent her further funding on two more occasions, allowing her to expand her product range, including bringing in new dresses from a new designer.

Nabbd HQ
Nabbd HQ : Owner Polly Thompson outside the Nabbd shop in Wimbledon

Big plans to grow

Polly has big growth plans for Nabbd. Although it's still early days, she wants to eventually expand her distinctive business to a franchise model, to service all types of discerning brides and their bridesmaids.

At Fleximize, we believe Nabbd has what it takes to rule its niche of catering for the bridal party, and we look forward to continuing to help Polly develop her ambitious business.

If you’re looking for funding to launch or grow your own small business, contact Fleximize to talk about our flexible finance options. Call 020 7100 0110. Alternatively, click on Apply Now below to open the door to quick business funding, designed especially for your SME.

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