Secure Trust Bank provides GBP21.73m asset-based lending facility to Orchard House Foods

By Clara Dijkstra25 days ago

Alternative finance provider Secure Trust Bank Commercial Finance has provided a GBP21.73 million asset-based lending facility to support the growth of Orchard House Foods.

The deal follows Elaghmores acquisition of the fresh fruit business in January 2021, and will enable the business to invest in new equipment and ongoing product development.

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Orchard House Foods is the UKs specialist supplier of prepared fruit, fresh fruit drinks and chilled desserts to retailers across the UK and Ireland, including Marks & Spencer, Sainsburys, Greggs and Pret a Manger. Despite the challenges posed by Covid-19, the business has remained profitable and is well positioned to take advantage of the growth opportunities presented by the easing of lockdown measures and people returning to the workplace.

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