Natural nut butter company, Pip & Nut, is ramping up its ambitious growth plans following a seven-figure finance package from HSBC UK.
The Spitalfields-based brand, which produces a range of naturally nutritious nut butter products, is now the fastest growing nut butter brand in the UK and is stocked in all major grocers.
With further expansion forecasted for the company, the funding from HSBC UK has been utilised to support their ambitious growth.
Alex J Brown, Relationship Director, City of London Corporate Banking, HSBC UK comments: “Pip & Nut has grown from a small entrepreneurial venture to a widely-recognised brand sold by leading retailers across the UK.
“We’re delighted to be able to work alongside the company in its mission to expand by introducing new innovation and more extensive distribution, as well as support their continuing growth during a challenging time for businesses.”
Pippa Murray, CEO and Owner of Pip & Nut, comments: “The financial package provided by HSBC UK will be instrumental in allowing us to maximise the working capital within our business. Our nut butter brand is continuing to grow – and quickly – and we have hugely ambitious plans that would not be possible without HSBCs backing.”