Boost and The Shake Lab plans to open up to eight new stores in 2016

Manchester-headquartered TD4 Brands, the parent company of Boost Juice Bars and The Shake Lab, is planning to fast track the roll-out of its national retail chains after consistent and significant sales growth and receiving further funding from its financial backer BGF (Business Growth Fund).

TD4 Brands is on course to achieve sales in excess of £13m this year, up from £5m in 2013 when BGF first invested in the business.

In the next phase of growth, the business plans to open up to eight stores this year. To support their plans, BGF has increased its investment in TD4 Brands to £4.9m.

Richard O’Sullivan, CEO, TD4 Brands said: “Three years on from their original investment, we are really pleased that BGF shows continued support and confidence in the successful expansion of our company. It’s a great example of both the business and the investors delivering on their promises.”

Neil Inskip, BGF, board member of TD4 Brands said: “Richard and Dawn demonstrate incredible leadership, sound judgement and ambition for the growth of the business. That is something we are keen to support and we are delighted that the additional funding will help accelerate the growth of the business even further.”