York-based health supplement supplier Power Body Nutrition is set to increase its product range and increase staff numbers with the support of a seven-figure funding package from HSBC.
Power Body Nutrition, which imports health-boosting supplements from the USA and Europe, aims to significantly increase its stock capacity. This comes as a response to increased demand from the UK and across Europe.
The seven-figure funding package will create four new jobs at the company’s North Yorkshire headquarters and is expected to support a 60 per cent increase in turnover over the coming financial year.
Bart Ratus, general manager of Power Body Nutrition, said: “The appetite for improving health and fitness has really taken hold in recent years and we have built a reputation for our expertise in supplying supplements, vitamins and minerals from around the world. Increasing demand for greater volume and wider choices has cemented our need to grow and HSBC’s support has allowed the business to expand with confidence.”
Andy Howard, relationship director for North Yorkshire at HSBC, said: “It is exciting to see a company at the forefront of their industry continue to innovate and grow. The products that Power Body Nutrition source are highly regarded by consumers and suppliers alike, you only have to look at their social media following to appreciate that value. We’re delighted to support the business’s growth.”
Power Body Nutrition specialises in selecting health supplements, functional foods, vitamins as well as fitness and bodybuilding supplements, supplying over 7,000 products from 150 brands. The York company employs 45 full time staff members and delivers across most of Europe.