A historic Derbyshire cheese-maker has secured a multi-million pound funding boost to help it expand into new markets.
Bradburys Cheese, based in Buxton, has been provided with an £8.5 million asset-based lending facility from Secure Trust Bank Commercial Finance
It now plans to use the financial support to increase its working capital, enabling a pipeline of new product ranges and growth plans of its customer base.
Bradburys Cheese was originally founded in 1884 by Reverend William John Bradbury. It was taken over in 1994 by the Paul family, which went on to create a large range of products, as well as supplying packaging, distributing and marketing.
Its top selling brands include Bradburys Export Cheese range, Monterey Jack, Truckle Bros and its Cricketer Farm cheese.
The firm has now grown from a £4 million turnover business to achieve revenues of more than £70 million.
It employs 180 people in the 海角视频, the majority of whom are based at Buxton.
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The company boasts over 100 clients across the world, from Australia to Hong Kong and is the sole supplier of cheese to the Falkland Islands.
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It also supplies cheese products to an airline group for passengers on flights across the globe.
The firm said it plans to use its latest cash injection to invest in the development of a new range of snacking products.
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Michelle Jackson-Hanstock, managing director of Bradburys Cheese, said: “We have big ambitions at Bradburys Cheese and are proud of what we have already achieved as a family-owned business.
“Our seven-year association with our global airline partner is an important part of our business and we want to continue to evolve in order to attract big clients.
“Having customers from all over the world, we want to expand on this momentum and push ourselves to create more award-winning products.”
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David Green, regional sales director at Secure Trust Bank Commercial Finance, which is based in Solihull, in the West Midlands, said: “Bradburys Cheese is a global brand, which has a firm family heritage at its core.
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“Its roots are in the local economy of Buxton, providing 150 jobs for the area and with its expansion and innovation plans into new markets we hope that it will aid the economy further.
“The company has achieved a significant amount in recent years and we’re excited to help achieve further growth.”