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.”