Wilsons Auctions launches NextGear Capital stock funding

Wilsons Auctions has joined with NextGear Capital to offer stock funding facilities.

Peter Johnson, group operations director at Wilsons Auctions, said: “We see stock funding as an effective tool in helping us to increase our sales and customer base.”

Johnson is confident that many existing buyers across Wilsons will take advantage of a NextGear Capital Stocking Plan. In addition, buyers already using a NextGear Capital Stocking Plan can now use it across Wilsons Auctions.

David Mercer (pictured), managing director of NextGear Capital, said: “It is a strong ‘win win’ for both organisations that will enable both parties to better meet the needs of trade buyers and vendors to ensure we can support and accelerate the remarketing cycle.”