Chesterfield based business MSK Ingredients, one of the UK’s leading suppliers of specialist food ingredients and equipment, is to expand and take on more staff following £750,000 in new funding from Santander Corporate & Commercial. The funding includes a £200,000 Growth Capital loan, which is aimed at fast-growth, ambitious UK businesses.
Established in 1999 and currently 15-staff strong, MSK is now recognized as a major supplier of premium ingredients to the dining, hotel and catering markets. The firm, which also supplies chocolatiers, mixologists, bakers and the general public, has built a large customer base of around 3,500 clients – including many of UK’s leading chefs.
Kevin Bateman, founder and owner of MSK Ingredients, said: “Our trading philosophy is to supply the finest quality ingredients available and to source and offer innovative and unique products which will provide a point of difference. This strategy has worked well for the firm and we are in a strong position to invest for growth and capitalise further on the strong momentum we have in the market.”
Donna Butler, relationship director, Santander Corporate & Commercial, said: “MSK is rightly considered the market leader in supply of ambient specialist food ingredients and equipment to the hotel and restaurant trade in the UK and, increasingly, beyond. The team at MSK have a track record in continually bringing in new and innovative products and ingredients to market, and has a strong pipeline of exciting new products and initiatives. Santander is delighted to be able to support the firm at this key time.”
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