Plant-Based Paint Business Expands with Funding from NatWest
Courtesy of Edward Bulmer Natural Paint.
Edward Bulmer Natural Paint has secured a six-figure funding deal from NatWest, and its asset finance partner Lombard, to support its continued growth. The business, which is based in Pembridge, United Kingdom, produces a range of natural paints for consumers, designers, and contractors, and now employs over 20 people.
Edward Bulmer began developing natural paints in 2007, using only 12 natural earth and mineral pigments to make over 160 colors. Since 2015, Edward Bulmer has seen increasing demand for high-quality, plant-based paint. The funding package from NatWest will support the company to further build on its e-commerce origins, expanding to become a traditional retail business, and opening its first store, situated in London, as well as growing its team.
“People are becoming more and more interested in using environmentally friendly decorating products because of concerns for their health and the health of the planet,” said Emma Bulmer, company director. “Our natural paint is an easy solution to help people switch from plastic-based paints to natural, plant-based ones.
“We based our business on an e-commerce platform and it has grown steadily, but we always wanted to meet our customers. With the new shop we can help our customers with their color choices and give them a chance to actually see the paint colors on the walls.
“We have a fantastic relationship with NatWest and Lombard, who understand our business goals and what we want to achieve long-term, and their flexible finance package suits the needs of the business and our future aspirations.”
“It's an exciting time for Edward and Emma, as they open a new store in London,” said Mark Eckley, relationship manager at NatWest. “They have a fantastic business with strong, sustainable credentials that align with NatWest’s commitment to address climate change and achieve net zero before 2050.
“Supporting our customers through the transition to net zero is a key strategic priority, and we’ve committed an additional £100 billion of Climate and Sustainable Funding and Financing to customers by the end of 2025. We wish the whole team at Edward Bulmer Natural Paint every success with this new endeavor.”
“Here at Lombard, we are always looking to champion our NatWest business banking customers, offering our support by more than just financial means,” said Alexandra Evans, Commercial Relationship Manager at Lombard. “By working with both Emma and Mark, her relationship manager at NatWest, we were able to understand how we could best help the business, offering a tailored service and product to meet their needs. We look forward to further enhancing our relationship in the future as their primary lender.”
For more information, visit: www.natwest.com.
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