- RBS invoice finance team provides £300,000 working capital facilities to assist expansion
- Brewery is forecasting an increase in their £3.5 million turnover as a direct result of new lines
Hogs Back Brewery has received £300,000 working capital facilities from RBS Invoice Finance to help them introduce new beers to market.
Hogs Back Brewery supplies 60,000 pints a week to local pubs across Surrey, Hampshire and Berkshire. Their bottled beers are sold through several leading supermarkets: an area where they're looking to raise their profile. In the last couple of years, Hogs Back has launched Hogstar English Lager and Hazy Hog cider to complement their traditional ales.
Hogs Back Brewery boasts an annual turnover of £3.5 million, a figure that's set to increase as they extend their product line.
Rupert Thompson, Hogs Back Brewery owner:
The growth of the local brewing sector is creating some exciting sales opportunities for us. An increasing number of consumers are looking for locally sourced beers and for brands that offer something different. Hogs Back ticks both those boxes.
"NatWest has been instrumental in introducing us to invoice finance from the Royal Bank and helping us take the next steps to achieving our plans. We are particularly excited about our new Hogstar lager, Hazy Hog cider and Hopping Hog IPA and are confident this will increase sales in public houses and supermarkets."
Angus Wetson, Manager at Royal Bank (invoice finance):
"Rupert and the team share an enormous passion for the Hogs Back brand and I am delighted to welcome them on board and provide a source of finance that allows them to realise their exciting future plans."
Graham Broocks, Senior Relationship Manager at NatWest:
"As main bankers to Hogs Back we're delighted we could introduce Angus to the management team. We're really pleased our collaboration has benefited the company’s growth and expansion through invoice finance."
Security may be required. Product fees may apply.
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.