London food wholesaler acquires two new warehouses with HSBC UK funding

An international food wholesaler based in London has purchased two new warehouses in Park Royal, after securing a six-figure commercial mortgage from HSBC UK.

Garousca distributes a wide range of high-quality food products to retailers across the UK and overseas. The company has used the funding to purchase two new sites adjacent to its existing premise in Park Royal, totaling over 4,000 sq.ft. The additional space will enable Garousca to increase its stock capacity by 30 per cent. Allowing Garousca to distribute greater volumes of food, to meet the surge in demand from its customers across the UK and Europe.

As well as holding greater amounts of stock, the new sites will allow the company to test new product lines and expand its product portfolio with the introduction of fruit juices and drinks.

 

Shafiz Garusana, Director of Garousca said: “We are pleased to be able to continue to grow the business with the acquisition of these two new sites. The increase in capacity not only allows us to scale up operations, but it will also enable us to compete for bigger customers as part of our wider business growth strategy.

We are grateful for the continued support from HSBC UK and our Relationship Manager Daniel Gibbs, who have been an instrumental part of our business since we purchased our first warehouse nearly 20 years ago.”

 

Chris Chambers, HSBC UK Area Director for London City Business Banking, added: “Garousca has continued to grow this year despite the challenging conditions, and we are pleased to be able to support the future expansion of the business. We look forward to continuing to support the business on its growth journey.”

 

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Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.