A Leeds-based supplier of pop up bars and drinks solutions has secured business funding worth £80,000.
Zest Mixology, formed in 2011 by successful entrepreneur Murdo MacLeod, has been granted a scale-up loan from HSBC to support business growth and development.
The financial backing will enable the company to open a London warehouse operation to better serve their customers located across the South of England, in addition to creating eight new full jobs over the next three years.
Having experienced double digit growth year-on-year since its launch, Zest Mixology has supplied pop up drinks services to more than 2500 corporate events to date, for firms such as Nokia, BMW, EE, Lloyds TSB, First Direct, Barclays and others.
Since launch, Zest Mixology has secured a total of £95,000 in funding. Having first established Zest Mixology, Murdo worked together with HSBC relationship manager Maria Rogers to formulate a robust business plan and organise a start-up loan of £15,000. As the business grew, Murdo was able repay the loan in just 24 months.
Mr MacLeod said: “We’re thrilled to have secured significant funding from HSBC which will enable us to scale the business and double sales revenue over the next 12 months.
“Colin Glass from WGN was instrumental in facilitating the initial meeting with the HSBC, through his passion for helping SME’s grow, so I thank him for that. We’re also looking forward to providing further employment opportunities and welcoming new members to our team.
“As a company, we’ve experienced a consistent history of year on year growth and an overwhelmingly positive market reaction to our corporate drinks services. There’s a bright future ahead for Zest Mixology.”
Andrew Bennett, HSBC’s area director of West and South Yorkshire, said: “HSBC is passionate about supporting growing SMEs and assisting businesses to create jobs and expand into new markets.
“Zest Mixology is a dynamic business which has now made its mark in the drinks and leisure industry. We look forward to seeing the business grow and our continued support demonstrates our appetite to back businesses in Yorkshire and beyond.”