Wholesaler Cash Boost to Create Hundreds of Jobs

The JournalApril 06, 2011

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Summary


NORTH Tyneside wholesale and cash and carry business Kitwave plans to create hundreds of jobs after securing pounds 7.5m investment from a Newcastle venture capital firm.

Kitwave, which trades as M&M Value from its headquarters in North Shields, North Tyneside, has increased turnover from pounds 15m to over pounds 100m since 2006 with the help of a series of acquisitions, including Turners & Wrights in Bolton, Bradford-based FW Bishop & Son, and Westone Wholesale in Telford.

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Wholesaler Cash Boost to Create Hundreds of Jobs

The new cash injection from NVM Private Equity Limited (NVM), which is a mixture of loan and equity funding, will see the...

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