FDBusiness.com

Little Dish Serves Up Success With Lloyds TBS Partnership

 Breaking News
  • Carlsberg Group Upgrades Full Year Operating Profit Outlook Carlsberg Group has delivered organic operating profit growth of 17.7% for the first half of 2019 with reported growth of 18.2% to DKr 5.17 billion (€693 million). Organic net revenue growth was 4.2% and on a reported basis net revenue rose by 6.5% to DKr32.99 (€4.42 billion). Operating margin improved by 160bp to 15.7%. Reported net [...]...
  • Diageo Forms New Rum Joint Venture Diageo and Corporación Cuba Ron, a leader in the production of premium Cuban rums, have created a joint venture – Ron Santiago. The joint venture will have exclusive global distribution rights to Santiago de Cuba, a premium Cuban heritage rum brand. Globally, premium and above rum segments are growing ahead of the category overall, with premiumisation [...]...
  • Stirring Times For US Yogurt – Innovation is Vital in a Changing Consumer Environment Over half of all U.S. consumers now buy yogurt as part of their typical grocery basket, according to a new report from Innova Market Insights, but their habits appear to be evolving. Convenience themes are becoming increasingly important, for example, with 17% of consumers naming this as a significant choice factor in 2018, which is [...]...
  • FrieslandCampina Significantly Expands its VLOG Production Due to the sharp increase in demand in Germany, FrieslandCampina is increasing the number of participating dairy farms that supply VLOG milk from 400 to more than 600. All VLOG milk produced by Dutch FrieslandCampina dairy farmers is used to make cheese for the German market. VLOG (Verband Lebensmittel Ohne Gentechnik) is a German association responsible [...]...
  • English Food Manufacturers Sign Up to Made Smarter Support A number of food manufacturing firms in the North West of England have signed up to a business-led programme which aims to use digital technology to boost growth and success. By implementing advances in data analytics, Artificial Intelligence (AI), Augmented Reality (AR), Industrial Internet of Things (IIoT), 3D-printing and robotics, firms can enhance their profitability [...]...

Little Dish Serves Up Success With Lloyds TBS Partnership

Little Dish Serves Up Success With Lloyds TBS Partnership
June 03
09:13 2011

London-based Little Dish, which produces fresh children’s meals, is set to double retail sales in the next two years and bring new products to market after securing an invoice discounting facility with Lloyds TSB Commercial Finance. Little Dish supplies stores across the UK and in Ireland with its range of fresh meals made from 100% natural ingredients and no added salt or sugar. Little Dish is available in Tesco, Sainsbury’s, Waitrose and on Ocado.com.

Founders Hillary Graves and John Stapleton set the company up in 2005 to offer parents a fresh alternative to jars of baby food, which typically have a shelf life of 18 months. Little Dish now feeds 100,000 children each week, having begun as a trial in 20 Waitrose stores in 2006.

The firm secured a factoring facility from Lloyds TSB Commercial Finance in 2007 to help manage its debtor book and support growth as it continued to win new listings. As the company expanded, Hillary Graves and the team decided to bring credit-control in-house and have switched to an invoice discounting facility from Lloyds TSB Commercial Finance.

Based on the value of the firm’s issued invoices, the facility will boost the company’s cash flow, enabling it to implement its ambitious growth strategy.

Little Dish, which employs nine people, is now on track to double retail sales to £14 million in the next two years, with plans to extend its range of healthy meals and move into other categories such as  healthy lunch box options and snacks.

CAPTION:

Pictured (left to right): Hillary Graves, Little Dish, and Chris Furnell, Lloyds TSB Commercial Finance.

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements