MattressOnline co-founder retires
Steve Kelly, the co-founder of online retailer MattressOnline, has announced his retirement, leaving co-founder Steve Adams as MD and the company’s sole shareholder.
After 15 years dedicated to MattressOnline – and 35 years in the bed industry – Steve is retiring to spend more time with his family and pursue other interests. Steve founded MattressOnline in 2003 together with Steve Adams, and, as a pioneer of online bed sales, played a pivotal role in shaping how people shop for mattresses.
The company now employs 39 members of staff, and boasts a turnover of £15m.
Steve Adams says: “When I co-founded MattressOnline with Steve back in 2003, I knew very little about mattresses or the bed industry. Steve was my mentor, guiding me through the intricacies of the industry – for which I’m eternally grateful.
“Steve has been a great asset to MattressOnline. Together, we built solid foundations from which I will propel the company forward into a new, exciting future.”
To facilitate Steve Adams’ sole ownership, cash flow funding has been provided by Yorkshire Bank, with support and guidance from Castle Square Corporate Finance. Steve Adams’ vision for the future is clear: “With a reinforced management team, strategic development and continued, excellent partnerships with manufacturers and suppliers, I look forward with confidence as I continue to develop the success of MattressOnline,” he says.
By Paul Farley