Optimum Finance is supporting the expansion of Mikos Gyros, a UK-based Greek food brand, through a tailored Invoice Finance facility designed to unlock working capital and enable investment in growth, according to a press release.
The partnership is helping the business manage financial pressures associated with scaling up its retail and e-commerce operations.
Founded in 2017, Mikos Gyros started as a street food concept and has grown rapidly through its restaurant presence and strong performance on food delivery platforms, Optimum Finance said in a statement. In 2023, the brand expanded into retail with a premium line of Greek grocery products, responding to demand for high-quality, ready-to-eat meals.
The shift into packaged food brought new working capital requirements, particularly around packaging, production and order fulfilment. To address these, Mikos Gyros adopted Optimum Finance’s Invoice Finance solution, which allows the business to access funds tied up in unpaid invoices. The facility has enabled the brand to reinvest in operations without relying on traditional credit or long payment cycles.
“We now have the liquidity to keep pace with our growth,” said founder Hugo Ushida. “Instead of waiting weeks or months for payments, we can access funds immediately and continue investing in production and expansion.”
Mikos Gyros is active in two key growth markets: the £3 billion UK world foods sector and the £2.8 billion takeaway kebab market. The brand has secured a listing with Amazon and is in discussions with five major UK retailers. Plans are also under way to expand into European, North American and Australasian markets.
Optimum Finance said its role is to offer flexible support that enables businesses like Mikos Gyros to scale efficiently. “Optimum’s flexibility and efficiency have been invaluable in helping us grow without taking on unnecessary debt,” Ushida added. “The team is responsive and genuinely invested in our success.”
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