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Enterprise

North East deals of the week: key contracts, investments and acquisitions

Organisations announcing deals include Troo, Lixir Tonic, Quantafuel and Studio Anyo

Jordan Palmer and Matt Mahatme of Lixir Tonic(Image: Handout)

Newcastle University graduates on a mission to stir up the drinks industry have received £1.1m in funding to support expansion plans.

Lixir Tonic was first set up in Newcastle in 2018 by founders Matt Mahatme and Jordan Palmer, who left their jobs to create the range, which was initially sold in department store chain, Fenwick, before securing orders in bars and pubs across the North East.

Since then, Lixir – which sells flavours such as blood orange and cinnamon, rhubarb and ginger, elderflower and lemon and the classic Indian – has grown its team, clients and listings and expanded into overseas markets.

Read more : go here for more North East business news

Now, having launched into 18 markets and seen growth of 160% in the last year, the premium tonic and mixer brand has secured the £1.1m investment to support its expansion plans.

It has secured the funding from new investors and backers including ex-founder of Pure Gym, Peter Roberts, and former commercial director of Pernod Ricard, Chris Ellis.


North East architects and interior designer Studio Anyo has won a six-figure contract to work on the next phase of a £20m cinema and leisure complex development in County Durham.

The Stockton practice will provide a package of architecture services for Stage 5 of the multimillion-pound development scheme at the Fieldon Bridge Retail Park in Bishop Auckland for Fieldon Bridge Developments.