In This Issue
TastyBone business sold to Pets Choice as managing director Ken Seymour annouces retirement after 43 years in pet trade
Torus celebrates first consumer show at Crufts
Three million overweight dogs targeted as Beco Pets launches Canine Health Campaign
Butcher’s Pet Care plans for £7m factory expansion
'People & Pets' idea could save the NHS £2.5b a year
New pet store opens in Greater Manchester
Barking Heads now available in Tesco stores
PATS Sandown welcomes impressive list of new exhibitors
Webbox goes Grain Free
Chuckit! exhibiting its range of toys at PATS Sandown
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Aquatics store forced to close because of anti-social behaviour
BSB Products rolls out Carnilove dog food into UK market
Quit smoking for pets’ sake, urges PDSA
Diet’Dog launches new supplement for dogs and cats
Shortlisted pet food brand celebrate success
Agria Pet Insurance launch domestic rabbit policy
CSJ targets Porky Pooches
Introducing the new ACANA Heritage range of Biologically Appropriate dog food
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Butcher’s Pet Care plans for £7m factory expansion
 
Butcher’s Pet Care has announced plans to expand its headquarters after securing an £8 million working capital facility from Lloyds Bank Commercial Banking.

The pet food company, which has a turnover of £93m, will increase its current 260,000sq ft factory in Northampton by 50%.

“This is an enormous market with great opportunities not just in the UK, but across the continent,” said Francis Powell, finance director at Butcher’s Pet Care.

“We’ve seen the business grow consistently over the years and, with this factory expansion, we are on track to continue this growth well into the future.

“Lloyds Bank took the time to really get under the skin of our business, tailoring a financial facility that freed up cash flow for us to embark on our most ambitious development in years.”

The £7m factory expansion will allow production to reach a capacity of over 1,200 cans per minute.

Lloyd Bank’s Commercial Banking’s working capital facility is expected to increase cash flow, with the business investing in additional floor space and machinery. The expansion is predicted to be completed by October this year.

“Almost half of people in the UK share their homes with a pet, so it’s no surprise that the industry is worth close to £3bn,” said Francesco Magli, client manager at Lloyds Bank Commercial Banking.

“As one of the UK’s leading pet food suppliers, and a key manufacturer with international aspirations, Butcher’s Pet Care is a great business for us to support.

“Having had a 10-year relationship with the company, alongside our specific sector knowledge, we were able to create a bespoke facility that suited Butcher’s exact needs. Across Britain, we’re supporting businesses with tailored working capital facilities, such as invoice factoring, discounting and asset-based lending – giving them the toolkit they need to grow.”

Butcher’s Pet Care began in the back of Graham Baker’s abattoir in 1987, after customers were looking for tripe to feed their pets. The firm currently employs 300 people.
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