Chocolate factory set for growth thanks to £300k loan

Chocolate factory set for growth thanks to £300k loan

Hull-based Three Crowns Confectionery Ltd has been awarded a £300k loan, helping to facilitate the firm’s Management Buy In (MBI).

The business, which manufactures chocolate for household names including Thorntons, will use the loan to pay off the existing overdraft and to provide gap funding for business expansion.

The funding has been provided by East Yorkshire-based One Stop Business Finance

Mike Flower, managing director of Three Crowns Confectionery said: “One Stop Business Finance Ltd has provided the funding to enable my business to grow to the next level.  The

work was completed at a speed and with the flexibility that isn’t available via traditional high street lending.”

Andrew Mackenzie, One Stop Business Finance’s managing director said: “This is yet another transaction that fits the One Stop Business Finance mould; a high quality management team requiring a flexible lending solution and able to secure it with great quality assets.

“ We are delighted to be working with Mike and his team at Three Crowns Confectionary and to be part of what will be an exciting period of growth for the business.”

 

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