The Hut wins £5m investment boost

The Hut has received 5 million after winning Bank Of Scotland’s Entrepreneur Of The Year award.

The annual award winner also receives mentoring from the UK’s top businessmen and entrepreneurs.

CEO Matthew Moulding said: Winning the award feels very special. Starting from an idea on a piece of paper and then within four and a half years winning Entrepreneur Of The Year is like a corporate fairytale.

It’s great recognition for the team, who have worked hard in delivering the sales growth in the last few years.

We currently operate in ten categories and are looking to increase this to 17,” he said. We are planning to enter new categories both organically and by acquisition.

Increasing the number of sales partnerships is also important for us and so we will look to further invest in high calibre staff to provide the platform necessary to handle a greater number of partner sites,” he added.