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Muckle advises North East coffee company on investment

30th Apr 2019 | Corporate Finance
Muckle advises North East coffee company on investment

We're delighted to have advised the North East-based coffee company, Beanies Flavour Coffee, as it secured funding from FW Capital to continue its fast growth following initial support from Tees Valley Combined Authority.

From Darlington to Dubai

The Darlington firm, which manufactures

17 flavours in its premium freeze-dried, sugar-free coffee range, has seen

sales of its 50g jars and individual stick sachets grow 50 percent in the last

12-months.

Available in over 30 countries worldwide, Beanies Flavour Coffee boasts products with less than two calories per cup. The products were also showcased in a recent TV advertising campaign which is due to be repeated over the next 12 months and set to aid in the company’s further growth.

Major growth brewing

John Evans, managing director of Beanies

Flavour Coffee, said: “We intend to quadruple our turnover in the next few

years with introductions of new products and extending to retailers on the high street, over the internet and

in the wholesale sector. 

“We were very happy to have an experienced team of advisers around us that helped us to secure the funding for this next phase of growth. Our internal team is growing all the time and with the need for extra capacity working capital is key at a time like this.”

Amongst the North East advisers on hand to assist with the securing of funding was MHA Tait Walker, who aided with and ourselves as we delivered the legal advice.

Responsive legal advice

Corporate lawyers Matthew Walsh and Stuart Grieve, assisted Beanies on the fundraising from FW Capital, along with advisers from MHA Tait Walker.

Stuart said: “John and his team have built a highly successful business with a fresh and innovative product and a clear vision for the brand, so it’s been particularly pleasing to help structure a deal that will deliver greater growth for this ambitious North East business.”

Investment service FW Capital provides

flexible finance to businesses in the North of England, from loans to support

growth and expansion to property development loans. Specialising in SME

finance, the firm manages a number of funds including The Northern Powerhouse

Investment Fund for the North West of England, Cumbria and Tees Valley and The

£24 million North East Growth Plus Fund.

Keith

Charlton, at FW Capital, said: “At FW Capital we specialise in helping

ambitious businesses based in the North of England to grow, by providing them

with access to the finance they need to realise their potential.

“It's been a pleasure to work with the team at Beanies as they continue to expand their reach and build even further on the success they have already experienced." 

Tees Valley business support

Ben

Houchen, Tees Valley Mayor, said: “The success

and rapid growth of Beanies is a great example of the entrepreneurial spirit

that I see so often when I visit businesses in the Tees Valley. I would like to

congratulate John and the whole team on what they’ve achieved in a short period

of time.  

“Since I became Mayor, we have awarded £8.5m to local businesses, supporting amazing start-ups in our region. We’ve supported Beanies with £50,000 to get them up and running, and I wish them all the best for the future.”

To learn more about how we can help with your corporate finance transactions, please contact Matthew Walsh on 0191 211 7815 or email [email protected]

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