This Wakefield-based firm aims to increase its turnover by £7m over two years

A new growth strategy implemented by the CEO of a Wakefield-based business is set to help it grow its turnover by more than 25 per cent.

By The Newsroom
Wednesday, 6th November 2019, 9:34 am

Toiletry Sales, a provider of private label healthcare products to UK supermarkets and pharmacy chains, underwent a management buyout supported by a £10 million finance package from Lloyds Bank Commercial Banking.

Chris Patterson, CEO and now majority shareholder at Wakefield-based Toiletry Sales, was helped by Lloyds Bank as part of its commitment to lend up to £1.4 billion to Yorkshire businesses during 2019.

Some of Toiletry Sales’ previous shareholders will stay on at the company as directors to ensure a smooth transition in leadership and the continuity of operations.

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The firm, which specialises in the manufacture and supply of feminine hygiene, wound care and incontinence products, is planning to grow its sales from £27 million to £35 million over the next two years by diversifying and expanding into new healthcare categories, markets and channels.

Mr Patterson said: “Having Lloyds Bank by our side while completing the management buyout has been invaluable.”