Wildlife Products maker secures Lloyds Bank investment
A Gloucestershire manufacturer of wildlife goods has secured a six-figure funding package from Lloyds Bank Commercial Banking to support new contracts with high street retailers.
Wildlife World designs and manufactures nesting habitations and feeders for birds, mammals, amphibians and insects. It supplies products to garden centres and online retailers across the UK and exports to Europe and the US.
It has recently secured new contracts worth ?500,000, marking the first time the company?s products will be sold on the high street.
The Tetbury-based business secured a ?415,000 import loan and a ?500,000 invoice finance facility from Lloyds Bank to increase its production capacity to facilitate the large number of new orders.
The company employs 20 members of staff and has created two additional jobs since winning the new contracts. Turnover currently stands at ?2.3m.
Norman Sellers, managing director of Wildlife World, said: “We?ve enjoyed a strong period of growth as more people look to protect the local environment as well as encourage small animals and birds to visit their own gardens.
“The funding from Lloyds Bank has been essential to securing these new contracts that mark a brand new chapter of growth for our business. We?re looking forward to seeing our products in two major high street stores and establishing our brand to a new audience of animal and bird lovers.”