Up-and-coming chain Reboot, which buys and sells secondhand CDs, DVDs and electrical goods, is planning to move its headquarters to Newport and open three shops in Wales over the next two months.

The chain, which was launched just over a year ago, currently has six stores across the south west of England.

Pioneered by award-winning entrepreneur Matthew Conridge, Reboot has enjoyed a lucrative first year in business and is now gathering pace for the year ahead.

Matthew said: "It has been clear from our first year in business that there is a huge gap in the market for what we offer. Our success in the south west has inspired me to expand further, and we now plan to relocate our head office to Newport.

"Wales is a fantastic place in which to work and I am excited by the positivity among the thriving business community.

"We are delighted to announce that we have secured a significant six-figure financial package, which will allow us to realise our ambitious expansion plans."

Reboot offers a buying and selling service for secondhand goods such as CDs, DVDs and electrical products, offering the very best prices for cash resale. Each item comes with a six- month warranty.