Success Story
Region/Nation | Wales |
---|---|
Programme | Enterprise Finance Guarantee |
Partner |
Based in Bala, North Wales, The Cake Crew Ltd is a manufacturer of bakery products (primarily cupcakes) for major national retailers.
The Cake Crew provides bespoke products to meet their customers’ requirements. In 2018, the company secured £500,000 supported by the Enterprise Finance Guarantee (EFG) to invest in product development, equipment, processes and to grow their team.
![A box of 2 strawberry cupcakes and one extra cupcake sitting next to the box](/sites/g/files/sovrnj166/files/styles/coh_x_large/public/2022-10/the-cake-crew-BBB-1242x800.jpeg?itok=BsZdY-HP)
Since receiving funding from Barclays, The Cake Crew has grown its turnover by 20%, increased their factory capacity and expanded from 280 to 340 full time employees.
The EFG facility funding allowed The Cake Crew to move forward with expansion plans, generating 20% turnover growth in the year and, more importantly, supported working capital headroom whilst the business invested in its capacity, processes and people Jason Hiley Managing Director