Success Story: Space Boy UK
Space Boy UK is a streetwear and fashion retailer based in Bristol, specialising in rare sneakers and limited edition clothing. The business was founded by local musician Ash Brown, and first opened as an online store in 2021.
Space Boy was named after Ash’s favourite film, Space Jam, the 90’s classic staring basketball icon Michael Jordan. Coincidentally, or probably not, Space Boy is now the largest stockist of rare Jordan’s in the city. In October 2021, Ash moved into a small retail space on Bedminster Parade in South Bristol, but quickly started to outgrow the available space. The business was trading well but Ash realised that he needed a larger retail premises to allow Space Boy to grow further.
Ash approached BCDF in July 2022 as he needed investment to secure a larger retail premises in the highly sought after Cabot Circus shopping centre, in central Bristol. Many lenders had turned Ash away with their ‘computer says no’ application systems, but we took time to understand his vision, enabling us to identify the most suitable solution and specialist lender. We arranged a Merchant Cash Advance which allowed Ash to secure the store rental deposit, as well as fund fixtures and fittings for the new space. A Merchant Cash Advance is a revenue-based funding solution that allows a business owners to access future revenue today, in order to invest and grow.
Space Boy UK moved into the new store in August 2022 and have been on an exciting new growth trajectory ever since. Ash has now launched the Space Boy UK clothing line that includes t-shirts, hoodies and caps, which are selling fast. Customers really value Ash’s expertise in all things streetwear, and appreciate his outstanding service. As a result, Space Boy UK is fast becoming the most popular independent brand in Bristol.
When asked about his experience with BCDF, Ash said “BCDF helped me grow my business and progress another step closer to my goal. I am grateful for their support”. We believe that the possibilities are out of this world for Space Boy UK. We know that Ash will continue to strive for greatness and take the business to new heights. Visit www.spaceboyuk.com to shop the latest trends in streetwear and support a local independent business. For more information on Merchant Cash Advance’s, or any other commercial finance solution, call us on 0117 251 0189 or drop us an email to [email protected].