A company which designs, manufactures and sells domestic appliances for big-name brands is creating dozens of new jobs after securing an eight-figure funding package from HSBC.
RKW, the trading division of Sutton Venture Group, says the investment is being used to created 80 new roles at the business and turn its huge warehouse, based on Stone Business Park, into a 24/7 operation.
The family-owned company already employs more than 500 staff across three distribution centres, its Stoke-on-Trent headquarters in Fenton, and offices in Hong Kong, India and China.
Rob Sutton, chairman of Sutton Venture Group, said: “This funding has allowed us to evolve to changing customer needs during the pandemic.
“In addition to creating 80 new jobs and developing our new 24/7 warehouse facility in Stone, we’ve seen our roadmap of innovation and new product development accelerate as we’ve adapted new business solutions.
“Further investments and entering new, exciting product sectors are what’s next on the horizon. We have a talented team at the heart of the business and I would like to thank them for the exceptional job that has been done navigating the challenges of the covid crisis while positioning the business for long term growth and value creation.”
Established in 1989, RKW designs, manufactures and distributes small domestic appliances and housewares for leading brands including Black and Decker, Lavazza, Morphy Richards, Tower, Smeg, Swan, Russell Hobbs and Breville.
It supplies leading UK retailers – including Next, Amazon, Tesco, Currys and Argos – from its Staffordshire distribution centre, while international customers are supplied directly from its offices in China.
Josh Garrigan, relationship director at HSBC UK, said: “Despite the volatility of the business landscape over the last 20 months, Sutton Venture Group has seen huge growth.
“Having rapidly adapted to major shifts in the retail sphere from both a consumer and supplier perspective, we’re delighted to have supported the expansion of operations and workforce at the business.”