Carvansons continues export growth with seven-figure funding
Haslingden-based fragrance manufacturer Carvansons has doubled its headcount and increased its exports after securing a seven-figure funding package from HSBC UK.
The family-owned firm, which is in the running for the Export Award at this year's Red Rose Awards, currently exports 60 per cent of its fragrance and perfume products and operates international sales hubs across Europe, South-East Asia and Africa.
The funding has been used to grow its workforce from 50 to 102 over the last 18 months, support the growth of its overseas hubs, and invest in new software and integrate more efficient processes into its 65,000 sq ft Rossendale facility.
Carvansons is now forecasting a 20 per cent increase in turnover over the next year. Luke Whowell, managing director, said: "Our business continues to grow year-on-year, despite the huge impact of the pandemic on staffing levels and a challenging global market landscape.
"The funding provided by HSBC UK has enabled us to streamline our operations, explore new business opportunities and drive efficiencies within our new facility. This means we can focus on offering our ever-growing customer base a more personalised service.
"As an employee-led business that prioritises staff wellbeing and development, we’re delighted to be now be able to offer apprenticeships and develop a range of exciting career opportunities in the Rossendale area.”
David Edwards, relationship director at HSBC UK, said: "Carvansons is experiencing a consistent upward trajectory of growth. This is reflective of both its trusted, long-standing experience in the industry and its ability to adapt to the rapidly fluctuating global market conditions.
"Following the recent opening of its state-of-the-art facility, we’re excited to see the business expand its international presence, invest in advanced technology and drastically increase the number of employees, all whilst maintaining a loyal, robust consumer base."