Finance Yorkshire invest in SNG CommercialPrint news article
Corporate and Finance lawyers from Walker Morris have advised Finance Yorkshire on its £400,000 investment in a distributor of detergents and fabric softener.
SNG Commercial Limited, which began trading last year, will use the investment to scale up and develop customer awareness and confidence in its Muvo brand and product range.
The business was established in 2010 by Simon Gunter, who identified a gap in the mid-tier laundry detergent market. Following a thorough period of research, development and testing, SNG Commercial has now joined forces with a national transport partner to deliver stock nationwide to customers including Home Bargains and Fultons Foods.
Finance Yorkshire Investment Manager Katharine Braim said:
“Simon has sought to develop a high quality product and establish an efficient manufacturing process over a considerable period of time before actually branching out into the sector. This, along with a product range which fills an identified gap in the market, and a highly experienced and enthused management team, gives us the confidence that SNG Commercial will go from strength to strength in the future.”
Finance Yorkshire was advised by Oliver Duke from the Corporate Group.