Video: Did you help a 40 year old yarn business expand and modernise?

Texere Yarns is based in Bradford and supplies knitting wool and yarns in a range of fibres, textures and colours for textile crafts. The business began about 40 years ago, and ‘texere’ means ‘to weave’ in latin.

In January, they took out a business loan through Funding Circle which was funded by 624 people and organisations across the UK, including the University of Huddersfield, where all of the interest earned goes towards a student scholarship programme. The loan will help Texere Yarns expand and modernise their operations.

In this video you’ll meet Managing Director, Guy Richardson, and hear first-hand about how the business has grown over four decades and why they chose Funding Circle.


Head of Corporate Communications


3 thoughts on “Video: Did you help a 40 year old yarn business expand and modernise?

  1. My Company Val Hospital Medicals has developed a new
    technical approach to building low-cost, flat-pack, off-the-shelf mobile
    medical facilities – (RDH) that will revolutionise the ability to meet the
    health needs in both emergency and steady state contexts. The technology /
    design have a number of unique technical aspects,
    The technology will be
    applied to develop a complete hospital solution, where one module can be easily adapted to deliver functions ranging from an Operating Theatre to a Primary Care Unit, enabling the rapid deployment in a variety of demanding
    environments: e.g. mass casualty incidents following earthquake or disease
    outbreak for instance, disaster relief zones, and situations where a
    sophisticated hospital infrastructure needs to be rapidly deployed.
    The technology has a number
    of unique design aspects which will offer;Flexible design with utility walls without corners (breeding ground for germs), easier transport and assembly, and inclusion of latest mission critical medical, environmental and communication technologies.
    Easy adaptation to incorporate new technologies and use the
    product as a major platform for mobile health campaigns. E.g. the units
    can be assembled and disassembled for relocation up to five times with
    estimated life span of up to 35 years. Improved user experience as the product feels like a normal hospital.
    Technologies such as wireless communication units, water recycling
    facilities and accompanying solar panels, for operation in the remotest
    corners of the world.
    Compared to alternative solutions, the product does not require lifting and handling devices as for container based versions, and is more sophisticated, rugged, feeling like a normal hospital environment compared to tents and inflatable.

    Thus far the research and Development has cost me a whopping £370,000 and I now need investment to not just for the prototype but to commercialise.
    How can Funding Circle Help Me.
    Dr Laurence

  2. Texere has since notified us that they are now ‘out of business’ per email received today. Strange this went so quickly.

  3. They held a “half price sale” the week they went under. There are over 300 orders paid for but unfulfilled as yet. Some customers have had an email saying the orders should still be received, albeit late delivery so they are obviously trying to ensure their customers don’t lose money but raise as much money as they can to pay creditors.

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