YourZooki secures funding for growth

Supplement manufacturer YourZooki is to expand into larger premises and increase the size of its workforce after securing a £150,000 loan from Rosebud.

The company will move to Blackpool from Preston where it will increased production of its range, which includes CBD oils, Vitamin C sachets and Omega 3 fish oils made from sustainably sourced, organic and non-GMO ingredients.

YourZooki employs three members of staff and has a turnover of £1.05m. Its supplements are sold across 14 European countries including France, Sweden and Hungary, as well as directly through its website and across a number of independent retailers.

 

Supplement manufacturer YourZooki is to expand into larger premises and increase the size of its workforce after securing a £150,000 loan from Rosebud.

The company will move to Blackpool from Preston where it will increased production of its range, which includes CBD oils, Vitamin C sachets and Omega 3 fish oils made from sustainably sourced, organic and non-GMO ingredients.

YourZooki employs three members of staff and has a turnover of £1.05m. Its supplements are sold across 14 European countries including France, Sweden and Hungary, as well as directly through its website and across a number of independent retailers.

The loan will help us to really push the business to new heights.

It is stocked in Black Sheep Coffee, Harrods and Selfridges, with products also listed on John Bell and Croyden - the Queen’s pharmacy. YourZooki is also the first supplement company in the UK to sell CBD oil on the television shopping channel QVC.

The loan will fund between 10 to 15 new recruits, forming a sales team, enabling marketing support and adding warehouse staff. The business has future plans to launch in major retailers and also has a brand-new product in the pipeline in the form of a chocolate sauce CBD sachet.

Marcus Mollinga, managing director at YourZooki, said: “The loan from Rosebud comes at an exciting time for us, and will help us to really push the business to new heights.

"Creating a sales team and allowing increased marketing capabilities will boost our brand awareness and enable further sales nationally and internationally. We hope that as we continue to grow, we will have the capacity to take on major retailers in the near future and with the help from the team at Rosebud, we are positive about what’s to come for the business.”

Jonathan Nelson, senior loan manager at GC Business Finance which delivers Rosebud finance, said: “YourZooki really caught our eye, with its focus on nutrition offering huge growth potential due to an increased importance on wellbeing across the market.

"Having already launched its natural supplements across Europe, it now has the opportunity to launch into Britain’s biggest retail stores to build on the momentum of the current market trend. This is important for the Lancashire region, creating a number of new jobs with scope for more as YourZooki grows.”

  • For further Lancashire business news, advice and analysis subscribe to Lancashire Business View or join the LBV Hub from just £2.50 per month. Click here to subscribe now.