A huge investment package has provided the perfect sweetener for a Larbert confectionery company.
Mrs Tilly’s will create 16 jobs as part of a push to increase its export market.
Funding has come from HSBC and will allow the family firm, which moved to Central Business Park almost two years ago, to invest in new machinery. This will make the production process five per cent more efficient and help by bringing in more staff to cope with demand for its tablet and fudge products.
The company has an international growth plan and hopes to capitalise on success in Canada and grow its exports to France, Germany, Denmark, Switzerland and Poland.
Blair Paterson, Mrs Tilly’s Confectionery managing director and son of the founders, Elisabeth and Peter, said: “My parents founded the business in the family kitchen in 1997 and have worked extremely hard to make it the success it has become today. We have ambitions to grow the business and take Mrs Tilly’s fudge and tablet to an even wider international audience.”
In 2014 Mrs Tilly’s sold over two million bars of tablet and fudge, while developing their international sales to around three per cent of turnover. This figure is expected to rise to ten per cent by the end of 2016, with turnover growing to £5 million within the next five years as part of a strategy to cement the firm’s position as Scotland’s number one brand for premium confectionery.
Blair added: “The products we produce today follow exactly the same recipes and processes that were used from the start. We are very proud of our heritage, knowing that our products are being enjoyed by people around the world.”
Susan Rowland, HSBC Scotland head of business banking, said: “Mrs Tilly’s already has a presence overseas, but is looking to enter new markets and be a truly global business.”