Partner Article

Caroline Packaging to hit £5m turnover

Caroline Packaging, a wholesale disposable tableware supplier, is projected to hit £5m turnover in the next two years following an invoice facility from Secure Trust Bank Commercial Finance, which will help roll out its products across the UK and expand into European markets.

The Bristol-based company is family-owned, supplying an extensive range of disposable tableware including cutlery, napkins, plates and cups to trade and wholesale customers across the UK. Working with a number of UK and European-based manufacturers and currently employing 25 staff, Caroline supplies to Bestway as well as all the major supermarkets.

The funding from Secure Trust Bank Commercial Finance will facilitate the company’s future development and expansion plans. The deal was introduced by Kerry Kimitri, who joins Caroline Packaging as director, alongside his role as senior partner at Grosvenor Park Advisory Partners. Kerry has helped the business increase stability through the implementation of a new structure, and is now looking to progress its long-term growth plan.

Kerry Kimitri, director at Caroline Packaging, said: “Having worked with Secure Trust Bank on a number of previous transactions, I have seen first-hand the difference the team’s support can make. Once again, the service was quick and efficient, and the turnaround was fast. The team understood the needs of the business, and were willing to adapt to suit our needs, providing us with the flexibility we required to get our plans off the ground.”

Craig Stritch, regional sales director at Secure Trust Bank Commercial Finance, added: “The UK has strong manufacturing roots, and we are pleased to support this heritage through our work with Caroline, with its commitment to selling UK goods and its vision to expand into Europe. The firm’s growth plans are ambitious, but through Kerry’s support and the drive of the management team we are confident that the company’s targets will be met”

This was posted in Bdaily's Members' News section by Pablo Rodriguez .