UK bakery opens £15m facility
UK business, Geary's Bakeries, has added more than 50% to its production capacity since 2010, after buying up two additional units neighbouring its main facility to keep up with demand.
Having won a major contract with one of the UK's largest supermarket chains to supply its craft bread, Geary's Bakeries now produces over 25m loaves a year, prompting a £15m investment into a new 60,000sq ft baking facility at Glenfield which began production late last year. This extra capacity will allow the bakery, in time, to quadruple its present output.
Accountants Newby Castleman gave the bakery advice and support on the new facility.
“We are very excited about the move to our new facility in Glenfield, which presents us with the chance to achieve further growth and build on our first-class reputation,” said Geary's Bakeries managing director, Jason Geary.
Newby Castleman partner Stephen Castleman said, “We pride ourselves on building deep, lasting client relationships, immersing ourselves into their businesses and ensuring that not only are they fully compliant in all areas, but they have the best financial set-up possible in order to facilitate growth.
“To offer our assistance to Geary's Bakeries in taking this next step has been very rewarding. We are proud to play whatever role we can in helping such a dynamic, ambitious brand to flourish.”