Fleximize Helps Vintage Clothing Business to Grow (Video)

Preloved Kilo needed funding to buy a new fleet and purchase stock before their rivals and Fleximize didn't leave them hanging


Key Details

The business

Trading for: 3 years

Sector: Clothing & fashion

Location: Nationwide

Reason for funding

Stock purchase & cost saving


- Unsecured business loan

- Fixed repayments

- £30,000 over 18 months


- Purchased new fleet

- £5,000 saved each month

- Stock ready for busy period

In recent years, the popularity of vintage clothing in the UK has soared, and for many reasons. With increasingly tight purse-strings dragging consumers away from big high-street brands, a general public becoming more aware of the environmental and social effects of the manufacturing of clothing, and a gradual changing of attitudes towards a 'quality over quantity' mindset, sales of vintage and retro clothing have soared. Fashion-focused entrepreneurs have been quick to take advantage of this trend, with pop-up shops, clothing exchanges, and pay-per-kilo vintage markets appearing up and down the country.

The team behind Preloved Kilo run events throughout the UK visiting two different cities every weekend, where fashion lovers and bargain hunters can find anything from belts and loafers to dresses and jeans. Customers flocking to the events pay per kilo, enabling savvy sartorialists to pick up some real bargains - including designer pieces from the likes of Burberry and Gucci.

Directors Mark and Wayne and General Manager Steve have come from backgrounds in hospitality and sales to head up this innovative company. Starting out selling individual items at vintage clothing fairs, the team quickly grew their contacts in the industry, and after approaching wholesalers, realised they could purchase in bulk, by the kilo, and then sell to the consumer in the same way. Having put on around 55 events in their first year, the demand has led to them opening a warehouse in their home town of Rotherham, with around 100 events planned for their third year.

Keeping up with growth

Growing so quickly, however, has led to a number of challenges for the Preloved Kilo team. With between six and seven tonnes of vintage clothing brought to every event and two events every weekend, to say that logistics and organisation are crucial to the smooth running of the business is a bit of an understatement. On top of this, the team have to constantly replenish their stock with high-quality and on-trend garments. 

Having initially transported their stock to each event using a small fleet of hired vehicles, the directors sought funding to purchase a number of vans, enabling them to save on the costs of hiring. The funding would also enable them to purchase stock earlier in the year at a significantly lower price.

Fashion-focused Founders
Fashion-focused Founders :

Preloved Kilo has grown from selling individual items at vintage fairs to running their own events that attract thousands each weekend.

Having looked online at options for funding the business, Mark and Steve saw Fleximize's case studies and applied for a loan of £30,000 to help facilitate their plans for further growth. After passing our initial checks, they were assigned a dedicated relationship manager, which they found particularly useful - "It's very helpful having a dedicated relationship manager, as it means you're only speaking to one person throughout the whole process".

Understanding the short-term nature of the opportunity, the application process was wrapped up swiftly, enabling the team to begin planning for the purchase of a new fleet of vans and trucks, saving them around £5,000 per month. It also gave Mark and Steve the ability to purchase summer stock earlier than most.

At Fleximize, we love being able to help small business owners take advantage of an opportunity to increase profit margins and grow their business. If you have a similar opportunity, and would like to look at how our funding could help you, click the button below to get started, or drop us a call on 020 7100 0110, and our team will be happy to answer any questions you may have.

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