Chiller Box eyes external investment

Chiller Box has revealed it is considering ways of attracting external investment as it looks to embark on its next phase of growth.

Marios Poumpouris, managing director and joint-owner of the North London-based firm, said that while the recession had slowed the growth of the business over the last few years, it believes 2012 will mark a big turning point for the market.

Chiler Box’s aspirations involve getting the business back to a year-on-year growth rate of at least 20%, and Poumpouris admits that is likely to require some outside support.

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“We are potentially looking at external investment to assist with that growth plan,” he told Catering Insight. “It is still relatively early days but we are considering angel investment perhaps, although when I say external investment it might or might not be financial investment — it could mean a non-executive director coming on board to give us steer and strategic guidance to help make that happen. We are constantly looking at our options.”

Poumpouris says the period since 2008 has largely been about consolidation, but he believes there are enough indicators to suggest it is time to act on some of its growth plans.

However, he insists the company won’t be rushed into making any decisions.

“We know where we want to be in the long term, but obviously each day is still about surviving and positioning yourself for when the time is right,” he says. “I think things are starting to come together, and although they are tentative there are a few signs of green shoots.”

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