Jobs and turnover growth for York-based Power Body Nutrition
Wholesale sports supplement distributor Power Body Nutrition has achieved double-digit turnover growth on the back of a six-figure investment.
The York-based company saw sales rocket 40% in the 18 months after it received £200k backing from NPIF – Mercia Debt Finance, part of the Northern Powerhouse Investment Fund (NPIF).
Power Body Nutrition used the funding to scale up its stock purchase, upgrade to a new IT system and create 11 jobs, growing its headcount to 46.
The firm is now looking to diversify its product range by entering the vitamin supplement market. Power Body Nutrition also plans to build its own bespoke stocking system and sell it to other wholesalers and distributors.
Sean Hutchinson, senior manager at British Business Bank, said: “Power Body Nutrition exemplifies a great NPIF investment. In the time we’ve been working with the company, it has helped boost the local economy by achieving double-digit turnover growth and creating 11 new jobs in the York region.
“We look forward to continuing our work with the business as it eyes further growth in the popular supplement market.”
Ian Atkinson, investment manager at Mercia Debt Finance, commented: “Diversifying the product range and attracting new talent has certainly paid off for Power Body Nutrition.
“Following the success of the initial investment, it now has the opportunity to tap into new revenue streams within the wholesale market.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever
The North's future doesn't end at Manchester
Exit or legacy? Why every owner needs a plan
Who speaks up for SMEs when giants get bigger?
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs