Sephra Europe take another step towards Fife Export Success
Award-winning Fife business Sephra Europe is making big waves in the commercial chocolate fountain industry.
And a financial boost from an East of Scotland Investment Fund (ESIF) loan has helped to preserve the flow.
The fund is administered by Business Gateway Fife, on behalf of Fife Council Economic Development. Their growth advisors are available to support businesses considering all the options to allow sustainable expansion and growth.
Operational since 2008 and based in Kirkcaldy, Sephra Europe has become the world’s most trusted distributor of commercial chocolate fountains, waffle bakers, crepe machines, popcorn machines, fondue chocolate, consumables, mixes and supplies.
The business employs nine people and is led by managing director, David Archer. Initially, the business had two partners at the helm but following a change in structure, the company worked closely with Business Gateway Fife advisors and was given access to a £45,000 ESIF loan.
Councillor Lesley Laird, depute council leader and spokesperson for economy and planning, commented: “Sephro Europe is an excellent example of a local business achieving major global distribution success through good leadership and innovative product development. Accessing an ESIF loan has enabled David Archer and his team to take the company forward and realise their business goals. Earlier this year, Sephra Europe picked up the prestigious accolade of Export Achievement of the Year 2015 at the Fife Business Awards demonstrating their success in exporting and commitment to continued growth in their international business.. This is a fantastic commendation and I wish them every success in the future.”
David Archer said: “The ESIF loan facilitated a buy-out from a business partnership which had come to a natural end. This enable the business to become leaner. It certainly improved our cash-flow, giving us working capital to reinvest in product development and expand our distribution markets world-wide, especially into previously untapped markets in Russia and the Middle East. It was an ideal financial solution.”
Sephra Europe is now working with Asda to supply a self-service popcorn maker which is a massive opportunity for the Fife business, Sephra Europe already supplies Pizza Hut with waffle-making equipment and mixes.
For more information on accessing an ESIF loan contact Business Gateway Fife on 01592 858333 or download an application form from www.eastscotinvest.co.uk.
CREDITS: All of the above information came from a Fife & Kinross Extra article from 26 Nov 2015