Real Good Food has secured £2.5m to aid its turnaround from a funding giant which recently backed Cath Kidston.
The Liverpool-headquartered company has agreed the 12-month deal with Hilco Private Capital. The funding will sit alongside its existing £6.2m facility with Leumi ABL.
As of 2pm, shares in the group had rocketed by 133% to 2.4p, their highest since July.