British manufacturer Pretty Legs Hosiery has received a £300k asset finance facility from Ultimate Finance, enabling the company to invest in new machinery so it can keep up with rapidly increasing demand for its Saphena compression stockings, designed to help prevent deep vein thrombosis (DVT). The company is on target to manufacture 2.8m pairs of compression stockings this year with 7.5m pairs being produced within five years, a growth fuelled not only by increased demand from the UK but also because the stockings have recently received FDA approval to sell into the American market.
The Saphena compression stockings have been developed over the last 10 years by teams from the University College London’s academic vascular unit, Pretty Legs Hosiery and UCL BioMedical. Originally designed for the medical sector, the stockings have since been adjusted to suit a wider audience and are now also used to provide relief from soreness and swelling for those on their feet all day, frequent travellers and pregnant women.
