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Haughton Honey aims to raise £80k

Date added: 19/04/2016






Haughton Honey has launched a funding round on Crowdcube in a bid to secure £80,000 as it seeks to expand internationally.

The honey manufacturer based at Radmore Farm, Haughton has already established 70 regional sales outlets including Booths and Protein Works. It now wants to take on more like-minded English bee farms in order to boost its growth.

The company hopes to move onto the next stage of its development and is currently exploring export opportunities to regions like the Middle East. To support this venture, it aims raise £80,000 by attracting investors via the crowdfunding investment platform Crowdcube in return for shares in the company.

Crispin Reeves, founder of Haughton Honey, said: "Forget spreading the love. Loving the spread is more accurate at the moment. UK sales of jams, spreads and honey grew 5.9 per cent in the year up to October 2015. Growth in honey sales alone between 2014 and 2015 have increased by £9.8m.

"Now is the time to seek additional investment to support the growth of Haughton Honey so that we can take on more bee farmers, increase our honey production to satisfy our growing month-on-month demand and hopefully achieve a listing with a second premium multiple retailer."

Read more at insidermedia.com




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