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Berkmann Wine Cellars secures £14m for expansion

A leading independent wine supplier to restaurants and retailers across the UK has secured a deal with HSBC UK to support its ambitious expansion plans.

Family-run Berkmann Wine Cellars has set its sights on global growth, utilising a tailored funding package of more than £14m from the bank.

With year-on-year growth of up to eight per cent, Berkmann Wine Cellars will use the funding to provide more flexibility and scope to grow sales from a solid financial platform. The wine supplier will use its strengthened position to establish a presence in international markets, where the wine industry is growing fast.

In addition, the financial backing will help support the company’s ambitions to respond to the needs of larger retailers.

Rupert Berkmann, second generation family member and Director at Berkmann Wine Cellars, commented, “HSBC UK has really taken the time to understand our business, the people in the business and our needs for the future.

'We want to continue our focus on adding value by selling recognised brands and delivering exceptional service. This deal means we are now in a strong financial position to do so.

Robert Mitton, Relationship Director for HSBC UK Corporate Banking in West London, said, “Berkmann Wine Cellars is a long-established and successful business with an excellent reputation and a consistently strong financial performance.

'We’re delighted to have the opportunity to work with the business to help Rupert build on the business’s strong foundations.

'We have established a great relationship with the team in a short space of time, which has given them the confidence to know that we are here to support them with their growth ambitions.”