Premium dessert manufacturer rhokett, set up with the support of Michelin Star chef Gary Rhodes, has secured funding to expand production and won a contract from Marks & Spencer.
The company has invested in new factory space in Hawkhurst, Kent; to provide the production capacity to fulfill the order for its new Baked Alaska dessert for Marks & Spencer, along with other new products. The new premises are rhokett’s second production site and are in close proximity to its original site in Cranbrook.
Yvonne Bear, HSBC’s regional commercial director for the south, said: “Both in its product development and its approach to business, rhokett is a truly innovative company. We are encouraging all businesses to take the kind of forward-facing view that rhokett has demonstrated. As we start 2011, companies should look to the future to decide what growth ambitions they have, and talk to their banks to secure the necessary finance and support to achieve these plans.
“We are delighted to be working with rhokett, and we look forward to working with the company in the future as it continues to expand its product range and national reach.”
In addition to capital expenditure funding, the company has secured invoice finance funding which it will use to increase the company’s financial liquidity, allowing for greater investment in the research and development of new products and for future expansion.
Martin Dockett, managing director of rhokett, said: “The support HSBC has provided has been invaluable in allowing us to significantly increase our capacity and therefore take on more customer orders. Ultimately this will help strengthen our reputation and build further demand for our products into the future. We are a strong, ambitious company and will not rest on our laurels, but will continue to explore new product ranges and invest in research and development to create luxury, high volume desserts. With the help of HSBC, 2011 promises to be a very exciting year for us.”