North East snack manufacturer bags multi-million-pound funding deal

Regional manufacturer, It’s All Good Ltd has secured an eight-figure refinance package.

The deal has been structured by Allied Irish Bank (GB) to provide day-to-day banking facilities and support expansion and new product development.

It’s All Good Ltd is a manufacturer of premium tortilla chips and snacks for all major UK retailers. It also manufactures its own premium brand tortilla chip snack, Manomasa.

Established in 2012 by managing director, Calum Ryder and directors Michael Weatherhead and Lynn Saul, It’s All Good Ltd employs over 205 people from its 30,000 sq ft production facilities in Gateshead.

Michael Weatherhead, director of It’s All Good Ltd, said: “Over the years we have invested heavily in high quality production lines which means our manufacturing facilities are at the forefront of technology.

“This latest funding agreement with Allied Irish Bank (GB) supports our business strategy and continued focus on increasing capacity and innovation as we develop new products to secure our position as a leading operator in the growing UK snack market.

“Matthew Fannon and Mark Billington have made the whole process simple and have understood the fast and dynamic nature of our business.”

In 2014, it received investment from NVM Private Equity to enhance its manufacturing capabilities. Allied Irish Bank (GB) was advised by Gordons LLP, represented by Jonathan Asquez and Georgina Tripp.