The award-winning Bravura Foods has secured a seven-figure investment package from HSBC to fund the expansion of its London-based vegan and vegetarian food and drink distribution business.
The firm, which was founded in 2011 by Team GB athlete Lisa Gawthorne and business partner Karl Morris, is now set for faster growth, with plans to expand the goods portfolio.
The company currently offers European brands such as Panda Liquorice and Captain Kombucha, as well as its own brands, Peanut Hottie and Free From Fellows.
The meat-substitute brand, LoveSeitan is the latest brand to partner with Bravura Foods to booste its popularity in the UK retail market.
Karl Morris, co-owner, said, “Moving our banking over to HSBC UK and securing this funding means we’re able to grow the business faster as demand for our products increases. We are thrilled to have the support of the bank during this exciting time for the business and are confident we have secured the best finance facility to suit our fast growth strategy.”
Since its launch eight years ago, the company has grown significantly with a rise in turnover of 45% in the past year. HSBC’s seven-figure finance package will help streamline Bravura’s operations process, which includes ensuring the company’s inventory and stock-flow is dealt with efficiently so the business can continue to grow.
Phil Sargeant, HSBC UK area director for South Wales Business Banking, said, “The market for independent, vegan and vegetarian products is booming in the UK and around the world, so we are delighted to be supporting Bravura Foods as it continues its ambitious growth strategy. Karl and Lisa are both passionate about the business and we look forward to supporting them in their success in the years to come”