London nut butters company ramps up growth plans with seven figure funding

A London foodstuffs company has announced that it is ramping up its growth plans following a seven figure finance package.

Pip & Nut, a natural nut butter company, received the funding from HSBC UK, and says that it will use it for its “hugely ambitious” growth plans.

The Spitalfields-based brand, which produces a range of naturally nutritious nut butter products, is now the fastest growing nut butter brand in the UK and has expanded its portfolio of products into the “premium impulse” category with a three-strong range of nut butter cups.

Alex J Brown, relationship director at City of London corporate banking, HSBC UK, commented: “Pip & Nut has grown from a small entrepreneurial venture to a widely-recognised brand sold by leading retailers across the UK.

“We’re delighted to be able to work alongside the company in its mission to expand by introducing new innovation and more extensive distribution, as well as support their continuing growth during a challenging time for businesses.”

Pippa Murray, CEO and owner of Pip & Nut, said: “The financial package provided by HSBC UK will be instrumental in allowing us to maximise the working capital within our business. Our nut butter brand is continuing to grow – and quickly - and we have hugely ambitious plans that would not be possible without HSBCs backing.”