Seven Bro7hers Brewery secures invoice finance facility
Seven Bro7hers, a fast growing, family-owned brewery based in Salford Manchester, has secured a quarter of million pounds funding line through Cynergy Business Finance.
Established in 2014, Seven Bro7hers brew a range of lagers, IPA’s and stouts and have recently launched a vegan range. Alongside brewing beers, the business has seven bars located throughout Manchester and Liverpool, including one at Manchester Airport’s newly refurbished Terminal 2. Additionally, the brewing company supplies third party bars and wholesale businesses via major supermarkets.
Following Seven Brothers recent success, the business has received growing orders from major retailers and wholesalers which has seen their turnover double. With this increased turnover, the business has developed a requirement for additional working capital.
The funding from Cynergy Business Finance will enable Seven Bro7hers to supply larger customer contracts and purchase orders as well as allow them to further invest in their plant and machinery as the brewery demand increases.
Keith McAvoy, CEO and Founder, Seven Bro7hers, said: “Our business needed a factoring facility to ease the cashflow pressures that all businesses experience. Cynergy Bank were impressive from the very beginning and ensured we were kept abreast of every step of the onboarding process. I would certainly recommend considering Cynergy Bank for your business finance needs.”
James Yeomans, introducer, JY Advisory, commented: “I have worked with Seven Bro7hers for several years, and when asked about potential working capital facilities I was very happy to pass them over to Cynergy Business Finance. The team at Cynergy have a personal approach to each situation that is often beneficial to fast growing and dynamic SMEs. I hope this is the start of a long working relationship for the two companies.”
Dan Burton, executive director, Cynergy Business Finance, stated: “We are very pleased to support Seven Bro7hers with this invoice finance facility which will support their future growth plans and investment strategy. The business is family owned and extremely well established and we look forward to supporting them on the next stage of their journey.”
