York-based walking stick manufacturer Neo Walk is to expand, hire three people and safeguard nine jobs thanks to a £60k loan secured by the Business Enterprise Fund.
From an idea born a decade ago in Lyndsay Watterson’s kitchen the company now sends acrylic walking sticks to customers worldwide.
As the sole director of Neo Walk, Lyndsay has steered the company toward international acclaim, selling their elegant walking sticks exclusively through its dedicated website.
In 2007 Lyndsay contracted MRSA after a medical procedure, resulting in irreparable damage to her left leg. Three years later, at age 43, she made the courageous decision to have her leg amputated.
She swiftly adapted to using a prosthetic leg and trained to be a circus performer and took part in the 2012 Paralympics Opening Ceremony in London.
Recognising the immense potential of Neo Walk, the company sought support from the Business Enterprise Fund. BEF responded by delivering a £60,000 loan which was backed by the Recovery Loan Scheme. The seamless four-week loan delivery process involved Lyndsay working closely with Chris Conroy, investment manager at BEF.
The impact of this financial support extended beyond Neo Walk. It significantly boosted working capital, leading to the creation of one full-time job and two part-time positions, while also safeguarding nine existing jobs.
Lyndsay said: “Life may present unexpected challenges, but it’s in our power to turn them into opportunities. Neo Walk is not just about walking sticks; it’s a symbol of resilience, individuality, and the limitless potential within us all.”
Chris Conroy, investment manager at BEF, said: “The investment reflects our commitment to supporting women-led businesses with the finance they need to start or grow their business and impact the communities they serve. Supporting Lyndsay and Neo Walk has been incredible. Lyndsay’s tenacity and dedication to innovation is awe-inspiring. We are honoured to be a part of her remarkable journey and wish her every success as she continues to grow the business.”
Recently, Neo Walk joined forces with Christina Applegate, a renowned American actress who, despite her recent diagnosis of Multiple Sclerosis, continues to inspire millions. Together, they unveiled a limited-edition walking cane, symbolising strength, elegance, and the indomitable spirit.
