RD Johns has secured a multi-million-pound funding package from HSBC UK as heads towards a growth strategy through capital investment and strategic acquisitions.
As part of the wider funding package, £4m of asset finance is available to support upgrades to the Devon-based wholesaler’s delivery fleet and equipment aimed at increasing distribution capacity, improving delivery efficiency and supporting rising customer demand.
As a result, the company is expecting 6% organic growth over the next 12 months, as well as growth across its procurement and sales teams and investment in its meat and fish division, which currently contributes £20m to its £90m turnover anticipated for 2026.
Read more: RD Johns to open new headquarters by the end of the year
Family-owned RD Johns is a supplier of meats and fish, frozen, chilled and ambient goods to the hospitality and foodservice sectors and a key element of the funding package is access to a further £10m of new funding for investment and acquisitions, enabling R D Johns Ltd to move quickly on opportunities that align with its long-term strategy and support expansion into new regions as the business continues to grow.
Andrew Johns, managing director at RD Johns, said: “Our decision to move our banking relationship to HSBC UK is an important milestone and reflects the ambition we have for the business. Christopher and the team at HSBC UK have invested time in understanding our business and long-term strategy which is important from our banking partner. The funding package gives us the flexibility and confidence to pursue opportunities that align with our long‑term strategy and ensures we’re investing in the areas that will deliver the most value for our customers.”
Christopher Hudson, relationship director, Corporate Banking at HSBC UK, said: “RD Johns is a high quality, South West business with a strong track record and ambitious growth plans. We are delighted to welcome them to HSBC UK and support the next phase of their journey with a flexible funding package that enables the business to pursue its investment and acquisition strategy with confidence.”
