News Wild Bird Food Firm Secures Seven Figure Finance Deal

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Wild bird food firm secures seven-figure finance deal
5th February 2019

By Sandra Pearce


(L-R) Ian Green, relationship manager, HSBC UK; and from Harvest Pet Products – Matthew Bryant, operations director; Angela Phillips, finance director; Jon Bryant, managing director

A Lincolnshire producer of wild bird food has expanded its manufacturing capabilities with the creation of 15 new jobs after securing a seven-figure finance deal with HSBC UK.

Harvest Pet Products has invested in a new specialist facility for manufacturing fat balls.

Since bolstering its manufacturing capabilities, the business has increased its turnover by £2.5m as a result of securing new contracts with large retail chain operators such as Tesco and Poundland.

Harvest Pet Products aims to increase its turnover by 50% over the next 12 months, and expects to generate another 15 new roles.
 
Harvest Pet Products’ finance director Angela Phillips said: “Harvest Pet Products has enjoyed four years of successful growth and is ready to push on to the next phase of the business cycle.

“With the weakened pound making the importation of fat balls from Europe less expensive, we have increased our manufacturing capability of this product to meet rising demand.

“This move is part of an on-going expansion strategy, which will see us target new marketplaces and territories. We are working very closely with Ian Green, our relationship manager at HSBC UK, to push forward with these plans.”
 
Paul Armstrong, area director for Business Banking in Lincolnshire, HSBC UK, said: “Harvest Pet Products is a great example of a local business which has lots of drive to succeed and create opportunity within the region.

“Our Business Banking specialists are committed to helping British businesses like this one realise their ambitions and we look forward to continuing our long-term relationship with the company as it continues to grow into new markets.”