Partner:FW Capital
Region:North West
Location:Manchester
Programme:Northern Powerhouse Investment Fund
Manufacturer, MPM Consumer Products Ltd secured a £500K loan from NPIF – FW Capital Debt Finance, managed by FW Capital and part of the Northern Powerhouse Investment Fund, to support its future growth plans.
The six-figure sum will enable the management team to accelerate their growth plans, strengthen their highly skilled workforce, create five new jobs by the end of the year and develop its service offering with innovative new products.
Founded in 1995, MPM Consumer Products is a specialised contract liquid fill manufacturer of household and personal care products. Based in Manchester, the business employs 80 staff, has a £8.5m turnover and is well placed to continue growth for the foreseeable future.
MPM Consumer Products produces some leading UK brands for major retailers with personal care products such as handwash, bodywash, foam and crème bath, creams and lotions, as well as household lines like antiseptic disinfectant and sterilising fluid plus much more. The company can provide a complete service package from product concept and formulation development, to the manufacturing of finished products under their own branding.
Roberto Sensale, Managing Director MPM Consumer Products said: “We have great plans ahead and the funding from NPIF – FW Capital Debt Finance has given us the platform to focus on our future growth strategy and invest heavily in our product development and technical teams. The support from Loz and FW Capital has been great, responding quickly to our request and ensuring a smooth process throughout.”
Loz O’Connor, FW Capital’s Deputy Fund Manager, said: “MPM Consumer Products is a highly successful and profitable company. We are delighted to provide growth capital to Roberto and the team who have great plans to introduce new ideas that will support the future expansion of the business as well as creating new jobs. This fits perfectly with the NPIF investment criteria, specifically designed to help small and medium sized businesses secure the funding they need for job creation, growth and development.”
Sue Barnard at British Business Bank, said: “Historically, funding options for businesses in the North have been scarce, which has stifled growth and innovation in the region. NPIF is making real strides in reducing the regional funding gap, providing a variety of finance solutions that help businesses like MPM Consumer Products realise its growth ambitions.”
FW Capital can provide loans in the NPIF region with a focus on Cheshire, Cumbria, Greater Manchester, Lancashire, Merseyside and the Tees Valley.
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
FW Capital Limited is regulated by the Financial Conduct Authority as a small authorised UK Alternative Investment Fund Manager under firm reference number 506719
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