Firm sows seeds of growth after landing bank investment
A Nottingham-based manufacturer of plant micronutrients and biostimulants is investing in growth after a major investment in new machinery thanks to a £235,000 funding package from HSBC UK.
The new automatic liquid filling machine will enable Micromix Plant Health to increase its output of plant nutrients and bio stimulants bottle production by some 250%. The firm says the process was previously very labour intensive, so the new equipment will lead to a
“vast boost” in productivity.
The new kit will also improve the company’s ability to respond to last minute orders – a critical advantage given the urgency in addressing crop nutrient deficiencies or opportunities to enhance yields as agronomists determine them during the crop growth cycle.
The investment follows a management buyout in March.
Tom Mawhood, director at Micromix Plant Health, said: “Having only completed the MBO of the company a few months ago, we are thrilled to have already been able to make this important investment, automating a key process to significantly boost our capabilities. This will be a gamechanger for us, and we’re excited to continue to modernise our equipment and take on more customers.”
Simon Phillips, relationship manager at HSBC UK, said: “The new machinery is a catalyst for Micromix Plant Health’s growth, enabling the business to ramp up production and swiftly meet market demands. This is a prime example of how strategic funding can drive innovation and success, and we are thrilled to support the new management team as it takes its first step in its ambitious growth plan.”
Established in 2006, Micromix Plant Health is a manufacturer of powder and liquid plant nutrition and bio stimulants. These serve the agricultural, horticultural and amenity markets in addition to producing white label products and a repacking service.
