Hyperama secures £15m for expansion

Hyperama is to create up to ten new jobs at its Nottingham-based food and beverage wholesale business, having secured a £15m finance package from HSBC.

The funds will be used to refurbish its West Bromwich warehouse, increase its importing capabilities from the Far East, and support its growth ambitions.

The company was established in 1992 and now operates four sites - the aforementioned West Bromich, and those in Peterborough and Derby.

Marcus Singh, Managing Director of Hyperama, said, “We’re delighted to receive financial support from HSBC UK. Our customers demand an ever-increasing range of food and drink products from overseas and the funding package puts us in a great position to meet this demand.

“It will also allow us to tap into new trade markets. We plan to continue working closely with our relationship director at the bank, Graham Brown, who will be pivotal in helping us grow Hyperama’s geographical footprint.”

Roger Pratt, HSBC UK’s Area Director for Corporate Banking in the East Midlands, said, “Our global insight and expertise in supporting businesses that import and export means we can provide more than just financial backing.

'We share guidance on how to capitalise on new business opportunities and negotiate better deals with suppliers. HSBC UK is dedicated to supporting ambitious businesses in the Midlands and Hyperama is no exception.”