KBF Enterprises, one of the UK’s fastest-growing sports nutrition companies, has secured a significant funding package. This package includes invoice finance stock funding and a term loan, aimed at propelling the company’s ambitious growth plans.
The Manchester-based business, recognised for its popular nutrition brand, has partnered with a merchant banking group to support its rapid growth trajectory in both domestic and international markets. This development follows a robust trading period for KBF Enterprises, with a turnover of £39 million for the 2024 financial year, driven by the rising global demand for convenient, healthy snacks and beverages.
KBF Enterprises was founded by entrepreneur Kieran Fisher in 2008 and has seen an impressive 50% annual growth for each of the last four years. The company has established a successful e-commerce platform as well as a significant retail presence, shipping orders to over 25 countries and major UK supermarkets.
Kieran Fisher expressed enthusiasm about the new partnership, stating, “We’re delighted to be partnering with Close Brothers. Over the past four years we have achieved significant expansion and with this investment, we are looking ahead to upscaling this growth into 2024 and beyond. The sports nutrition category is expanding at a phenomenal rate. Our products are now the fastest selling protein bars in the UK, with one being consumed every three seconds. This investment will have a real impact on our operation, enabling us to grow the business further, staying at the forefront of new trends and innovations to develop nutritious, great tasting and affordable products to appeal to health-conscious consumers around the world.”
Meanwhile, a representative from the banking group commented on the collaboration, noting, “The team at KBF have developed a market-leading brand and their growth in the last four years is fantastic. We’re delighted to provide a funding facility at this exciting time for the business, to support the next phase of growth. Kieran has a clear strategy for KBF, which we’re thrilled to be a part of.”
This strategic funding marks a pivotal moment for KBF Enterprises as it seeks to further capitalise on the burgeoning market for health-focused nutrition products, both within the UK and globally.