Funding boost for Hopkins Catering Equipment

Hopkins Catering Equipment has been forced to cease trading.

Hopkins Catering Equipment of Pudsey, West Yorkshire, has received a funding package from Lloyds Bank that has enabled it to invest in machinery and vehicles.

The distributor recently secured a national contract to supply the refurbishment of 14 Harry Ramsden’s restaurants at Welcome Break service stations across the country.

To help meet the order, which includes producing and delivering 14 fish frying ranges, the company has purchased three new vehicles and a new £40,000 press brake for fabricating stainless steel catering products from sheet metal.

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Victoria Hopkins, MD of Hopkins Catering Equipment, said: “The new contract win is a huge boost for us, and will help us compete for much larger contracts in the future.

“Our cooking products are also in increasing demand in America and Australia. Over the past few years export sales have also taken off massively, rising from around 1% of turnover in 2012 to 11% last year.”

The company approached Lloyds Bank Commercial Banking for an asset finance facility to purchase the new vehicles and the press brake, in addition to an increased overdraft facility to support the extra working capital needs of the new contract.

Gary Whitaker, relationship manager for Lloyds Bank Commercial Banking, said: “Hopkins Catering Equipment is a great example of a family-run business that has grown steadily in a highly competitive sector through exporting and through the high quality of its products and services.”

Tags : fish and chip shopharry ramsden'shopkinsinstallationinvestment
Clare Nicholls

The author Clare Nicholls

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