Pet food wins with Tesco and Poundland bring huge growth for manufacturer
From left, Ian Green, HSBC relationship manager, with the Harvest Pet Products senior management team members Matthew Bryant, operations director, Angela Phillips, finance director and Jon Bryant, managing director.
By Grimsby Telegraph | Posted: 6 Feb 2019
A Grimsby-area pet food producer has increased its turnover by £2.5 million and is in the midst of creating 30 new jobs after winning new contracts with high profile retailers Tesco and Poundland.
Keelby-based Harvest Pet Products has expanded its manufacturing capabilities to handle the new work, investing in a specialist facility to make fat ball bird food.
As part of the expansion, the 20-year-old business has secured a seven-figure finance deal with HSBC UK.
Fat balls, a favourite food of wild birds, have traditionally been imported as a high-cost item from Europe. However, importation costs have changed the economic model,with the weakened post-Brexit vote pound creating a ‘gap in the market’.
Angela Phillips, finance director, said: “Harvest Pet Products has enjoyed four years of successful growth and is ready to push on to the next phase of the business cycle.
“With the weakened pound making the importation of fat balls from Europe less expensive, we have increased our manufacturing capability of this product to meet rising demand.
“This move is part of an on-going expansion strategy, which will see us target new market places and territories.”
Harvest Pet Products has created 15 new jobs since opening the new manufacturing plant and expects to generate another 15 new roles, propelling turnover by another 50 per cent or £1.25 million. It also caters for caged birds and small mammals, and has previously worked with the RSPCA and Asda on product ranges.
Angela added that she was working very closely with Ian Green, HSBC’s relationship manager to push forward with the plans from the rural Stone Pit Lane base.
Steve Evans, HSBC’s area director for business banking in Lincolnshire, said: “Harvest Pet Products is a great example of a local business which has lots of drive to succeed and create opportunity within the region. Our business banking specialists are committed to helping British businesses like this one realise their ambitions and we look forward to continuing our long-term relationship with the company as it continues to grow into new markets.”