The idea for the business was born out of a lack of wholesalers able to sell smaller quantities of stock to the general public. With the rise of the online auction platform, eBay, which gives individuals the opportunity to trade goods online, Karl Baxter found a gap in the market for an eBay supplier.
Karl himself started out selling goods bought from Poundland on eBay and was surprised by how viable it was to make money online, resulting in him giving up his day-job. As his trading grew, he came up against the problem of finding a wholesaler willing to sell to the public, with most wholesalers requiring large minimum orders that are unaffordable to the average sole trader. Karl therefore expanded his business to become a wholesaler and eBay supplier himself, supplying other individual traders with joblots of wholesale goods.
In its first year of trading Wholesale Clearance UK Ltd generated a £100,000 turnover. By the end of 2010/11 the company had become a multi-million pound business with a turnover of £2.500,000 and is now providing employment to 15 members of staff in its warehouses in Dorset. In addition to supplying a vast number of individuals and small business, Wholesale Clearance UK counts large firms amongst its clients, both in the UK and abroad including: Groupon, KGB Deals and QVC.