loanLoan
Capital at risk
42
Months
12.0%
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

With a passion for authentic African and Asian food products, TopTropics import, export, and distribute a range of over 1,000 authentic herbs, spices, lentils, and much more. Reacting to the surge in demand for ethnic as market leaders, they've established long-term relationships internationally with customers and suppliers, including wholesalers, retailers, and restaurants. TopTropics are raising funds to invest in their brand packaging, maintain and increase their levels of stock, and expand their warehouse.

Sharing a passion for global ingredients

At TopTropics, we act as a wholesale gateway for ethnic food sectors while also operating our own brands to dominate a large share of the market. We meet the increase in demand for Asian, Oriental, Caribbean, and African ingredients with our wide selection of over 1,000 products, from rice and pulses, to herbs and spices. We distribute these products to over 600 ethnic supermarkets, and now even mainstream organisations like Tesco and Asda, as well as restaurants.

We're partnered with some of the most recognised names in the business, such as Saxa, Rajah, Nestlé, Maggi, Dunn's River, and Knorr, to name a few, and are the exclusive seller of Hayat milk and Yes Juice drinks. On top of this, we have six of our own brands: Lion Head, Mughlai, TVS, Tropicway, Roberts, and Mama's Pride. Our products trade worldwide from our offices in India, Holland, Ghana, Nigeria, and Dubai, but our head quarters is in High Wycombe, where our warehouse facility, with dry storage, and separate areas for production and packing, is located.

Our business growth has continued 70% year-on-year, and such fast-paced growth requires additional finance. Therefore, the money raised in this campaign will go towards redeveloping the packaging used for our own brands; we also add new lines of products every month, so will also use the funds to purchase more stock. Finally, with the remainder, we are looking to expand our warehouse to ensure our facilities can keep up with our expansion.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 70k
Raised
£ 70k
Investors
312
Estimated close date
Funded 3 months ago in 9 days

Where will the funds go?

Business expansion
£70,000

Key people

MR
Manick Rikhy
Director

Got a question for the business?

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A. Dear investor, at Toptropics we are currently focusing on organic sales where the prime focus of our sales team is on our own products. Some of our products are also listed in ASDA i.e. the main stream. Our sales team its selling our products world wide with a view taught at Toptropics that the entire world is a market for our products. So to answer your question, international sale is a part of the business we are aggressively expanding for which we have taken debt insurance as well.

A. Our apologies for the delayed response.
We were actually responding to the questions asked directly to the emails not knowing that we had to respond on this portal.

A. We have moved the model of the business to organic sales with our own products under our own brand which are going in the main stream as well i.e. ASAD and currently in talks with Tesco, along with trading products which we call draw lines. The gross margins are coming very healthy at present. These are called growing pains as the products are growing with the consumers and as the sales of our own products increase, the profit margins will also increase.

A. The long term liabilities are the monies invested by family members into the business. There are no other loans in the company. The monies invested by the family members are on the basis of "return when feasible"

A. Some of the international products which are highly valued by the end consumer have been added to our portfolio which can be viewed on our website at www.toptropics.co.uk. We at Toptropics have been aggressively focusing on increasing our customer base with keeping international sales in mind as well hence.

A. TVS foods was a tenant in the same premisses as Toptropics. TVS foods is owned by TVS enterprises ltd which also owns a few eminent brands of which Toptropics is a distributor and Toptropics also gives royalty to Tvs enterprises for the brands.

A. We have moved the model of the business to organic sales with our own products under our own brand which are going in the main stream as well i.e. ASAD and currently in talks with Tesco, along with trading products which we call draw lines. The gross margins are coming very healthy at present. These are called growing pains as the products are growing with the consumers and as the sales of our own products increase, the profit margins will also increase.

A. Some of the international products which are highly valued by the end consumer have been added to our portfolio which can be viewed on our website at www.toptropics.co.uk. We at Toptropics have been aggressively focusing on increasing our customer base with keeping international sales in mind as well hence.

A. Forecast of FY'19 is that we at Toptropics are focusing primarily on organic sales which are primary lines. As mentioned below in other questions as well that our products are already in ASDA main stream and we are in talks with Tesco as well. Our brands are fairly new in the market with beautiful products which are establishing in the market and hence the T/O won't increase this year but the gross margins will be much healthier as these are the so called growing pains.

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Business brand

High Wycombe, UK

"Sharing a passion for global ingredients"

Incorporated
9 years, 0 months
Equifax score
38 / 100
Equifax Grading
powered by Equifax
Average score
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