(photo left to right; Adam Hodgkinson, Patrick Mroczak, Paul Humphray)
Plant-based nutrition specialists, NutreeLife Ltd have received a £250,000 loan from MSIF to expand and grow their business.
Founded in 2017, NutreeLife are a family run company based in Preston, Lancashire. The business was incorporated to make great nutrition accessible for all, priding themselves on being an innovative, vegan health nutrition brand created through years of experience and dedication in the Food, Nutrition and Beverage industry.
Patrick Mroczak [CEO] and Adam Hodgkinson [Managing Director], set out to establish NutreeLife after recognising a gap in the market for a vegan and ‘free-from’ range of protein supplements following their time spent working together at MyProtein. Since launching the business, they have gained impressive traction for their product, which has been taken up by leading sports nutrition companies.
Due to growing demand, NutreeLife looks to not only expand their business but their operating premises also. To help with the expansion, Patrick approached Paul Humphray, Investment Director at MSIF to acquire funding for the project.
By working with MSIF, NutreeLife were able to secure the funding of £250k needed for their development plans.
Going forward, NutreeLife will increase headcount to fulfil their growing orderbook and increase product lines to further expand their offerings to the marketplace.
Paul Humphray, MSIF Investment Director said “I have enjoyed working with Patrick and the team at NutreeLife. Their product is niche and high-quality; they are already attracting some big names in the Food and Beverages industry. The team work very well together and I look forward to seeing what they will achieve following their expansion.”
Patrick Mroczak, CEO of NutreeLife said “Paul worked very closely to fully understand the business and therefore simplify our funding options. He took a personalised approach in working with us. The funds are being used to expand our operation and create more innovative products as we customise our products to suit our customer’s needs and demand. Going forward, we look to work with MSIF again as we continue to grow and expand our manufacturing capabilities. It was a pleasure dealing with Paul and his team.”