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Lincolnshire sofa manufacturer Lebus has agreed a £5 million tailored working capital funding package as it looks to continue its growth story.


The Scunthorpe manufacturer plans to grow its headcount by around 10 percent with another 40 jobs in sales and distribution, and is targeting 15 percent top line growth over the next year.


Its new funding package has been agreed with Lloyds Bank Commercial Finance.


Lebus has already grown sales by over £11 million since 2011, with another double-digit climb set to put annual revenues beyond £35 million. It had net debt of £3.1 million (2013: £2.3 million) at its 31st December 2014 balance sheet date.


Related: Sales pass £30m at upholstery manufacturer Lebus