Ice cream business opens its revamped dairy with Lloyds Bank funding
Published Date: 28/09/2017
A Hampshire business producing high-end ice cream has installed a new state-of-the-art dairy, thanks to funding from Lloyds Bank Commercial Banking.
Jude's Ice Cream has renovated its production facilities, increased its capacity and launched three new flavours, after it secured listings with some of the UK's largest supermarkets. The business is now expecting its annual turnover to grow by over 20 per cent.
Its existing range of 10 flavours are stocked in Waitrose, Sainsbury's, Ocado, Selfridge's and Wholefoods. The company also supplies high-end restaurants and theatres, such as The Royal Shakespeare Company, and summer festivals Taste of London and The Big Feastival.
Meeting increasing demand
The new flavours launched by Jude's Ice Cream include Caramel Pecan, which has already been snapped up by Sainsbury's, where sales of Jude's Ice Cream have increased 200 per cent year-on-year. It has also added Peanut Butter Chocolate Ripple and Chocolate with a Touch of Sea Salt to its repertoire.
On top of this the firm has increased its storage capacity, by purchasing new refrigeration equipment using an asset finance facility from Lloyds Bank.
Jude's Ice Cream was launched in 2002 by Theo Mezger and is jointly managed by his family from their Hampshire farm. Jude's pride themselves on their innovative flavours and leading food trends, as with their signature flavour Salted Caramel, which was launched in 2010. All of the ice cream is produced on-site, with milk from the local herd of 220 cattle on the Matterley Farm.
The company employs a team of 50 and is looking to grow its staff in line with its growth. It also donates 10 per cent of profits to youth and children's charities, partnering with the Spear Course and Home for Good, which looks to help find permanent homes for the 4,000 children awaiting adoption in the UK.
"We want to make the very best British ice cream, and the most delicious and innovative ice creams on the market. We've seen a high sales uplift, which shows that people across the UK love the natural taste and inventive flavours", said Chow Mezger, joint managing director of Jude's Ice Cream.
We're a family-run business so it's great to have the support from Lloyds Bank, which has helped us increase the amount of ice cream we can produce.
"It's meant we can fulfil new orders and supply more supermarket locations. Our latest three new flavours have just hit the market and we're already getting a great reaction. They've passed the famous family taste test and we've got more combinations in the pipeline."
Lloyds Bank funding is helping businesses grow
Ivan Darby, Relationship Manager for Lloyds Bank Commercial Banking, added: "Jude's Ice Cream has developed a loyal following. The business has a great story and has kept true to its roots. It's setting itself apart in the industry by constantly evolving – through partnerships with other food and drink companies and bringing creative products to market quickly."
Marcus Carolan, Regional Manager at Lloyds Bank Commercial Finance, said: "Being well-equipped to respond to increasing demand is crucial for any business, particularly those producing food items. Jude's Ice Cream has enjoyed a significant uplift in sales, and we were able to provide a tailored asset finance product, which is now allowing the business to continue to raise its annual growth targets."
"We want to help more businesses across Britain prosper so they're able to keep developing and achieve phenomenal sales. We've increased lending to SME's by almost a third over the last six years."
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