Natural mineral water firm, Purely Scottish, is raising a glass to celebrate after sealing a £340,000 finance deal with Bank of Scotland.
The new finance deal has allowed Purely Scottish to switch from renting its production premises at Oldhamstocks, near Dunbar, to buying it outright.
The purchase was crucial in enabling the company to secure long-term and direct access to natural mineral water sourced from its own organic certified land, as well as bottling and labelling it at source.
Purchasing the site is helping to strengthen the Purely Scottish brand as one of Scotland’s leading premium natural mineral water producers, which includes a range of still, sparkling and Fruit ‘n’ Vits flavoured water varieties.
As a result of the purchase, Purely Scottish is now predicting a sales growth of around £1.8 million in the next twelve months by increasing its production and expanding its supply across Scotland and into the rest of the UK for the first time.
The deal with Bank of Scotland is also supporting 40 jobs as well as helping to create a further eight new positions at the Oldhamstocks site.
The news is the latest boost for Purely Scottish which has an annual turnover of around £1.4 million and supplies around 12 million litres of natural mineral water to businesses, schools, retail outlets and major supermarkets, including Tesco, Asda, Morrisons and Aldi in Scotland.
Managing director of Purely Scottish, John Scrymgeour-Wedderburn, said: “It’s a really exciting time for the Purely Scottish brand. As the country celebrates Scottish Food and Drink fortnight, we’re now able to secure the future of our Scottish natural mineral water, which is sourced directly from our privately-owned site near Dunbar. Financial support from Bank of Scotland has enabled us to purchase our premises and plan significant growth for the business in the year ahead, which will include expanding sales beyond Scotland for the first time.”
Mark Lovell from Bank of Scotland, added: “Purely Scottish is a great example of a Scottish company that has identified key areas for growth and has benefited from our support and guidance.”