7 years ago

Nutrivend Secures £150k Loan to Expand Operations

  • Nutrivend, a sports nutrition company based in Llantrisant, Wales, UK, has secured a £150,000 loan from Tata Steel subsidiary UK Steel Enterprise

  • The company will use the funds to expand its services around the UK, set up an online ecommerce sales platform, and advance touch-screen vending and other technical innovations in their products

  • Nutrivend was launched in 2012 by former Welsh rugby internationals Scott Morgan and Barry Davies and supplies gyms with vending machines stocking a range of branded, top quality sports nutrition products

  • The company aims to double turnover to £6.5m over the next three years and received a substantial investment 12 months ago from Development Bank of Wales (then Finance Wales) and existing shareholders, to increase storage capacity and staff levels.

      • ProblemTechnology

      "Gyms need a reliable and convenient way to provide their members with high-quality sports nutrition products."

      Solution

      "Nutrivend provides gyms with vending machines stocked with a range of branded, top quality sports nutrition products. They also offer an online ecommerce sales platform and are developing touch-screen vending and other technical innovations."

      Covered on