New World Trading secures £5.6m to grow estate


New World Trading has secured £5.6m of investment from NatWest to support the expansion of its Knutsford-based 22-strong bar and restaurant group, taking its total workforce to more than 1,500.

The company has eyes on sites in Coventry, Cheltenham and Exeter to start this new round of growth.

New World Trading last secured funding of £23m in January 2017 from NatWest and has since opened sites in Birmingham, Didsbury and Reading.

The company has reported turnover growth of over 60% since it was taken over by private equity specialist, Graphite Capital in 2016.

Chris Hill, chief executive of New World Trading Company, said, 'We are grateful to NatWest for their continued support and belief in our brands, and to Graphite for their ongoing backing and encouragement.

'Our unique proposition is proving increasingly popular with the public across the UK, and we are looking forward to taking ‘The Botanist’ and ‘The Florist’ to new and exciting parts of the country.”