Finance For Enterprise was excellent . They kept us updated throughout the application process and with funding in place , we were able to begin production on 24th May , just two months since we began the process .
With funding in place , renovation work on the premises began in March . Refurbishment works took nearly two months and production switched to the new facility on Dairycoates Industrial Estate last month . In total , the company lost just four days of production , and is now planning to use the additional capacity within the bakery to introduce a number of new lines .
Jonathan Battersby , Bakery Director , Gold Crown Bakeries said :
“ In recent years , Gold Crown Bakeries has been on a considerable growth journey . Turnover has risen from £ 800,000 in 2015 to more than £ 2.25 million during our last financial year , however we realised our factory was working close to capacity , with members of staff working around the clock in order to meet demand . “ We approached Andrew Craggs , a specialist finance broker at ECS Group and during our discussions they referred us to Finance For Enterprise . The support we received from NPIF &
“ The additional capacity in our new premises has meant we are able to increase the volumes of products created as well as investing time introducing new product ranges . As a direct result of the support we ’ ve received from Finance For Enterprise , I ’ m confident that we ’ re on course to enjoy a record year of growth , enabling us to double our workforce and create 14 new jobs in the business .”
Jeremy Meadowcroft , Investment Manager , Finance For Enterprise said :
“ The challenge facing Jonathan and his team was being able to successfully relocate the business to larger premises without impacting upon production . In a business where Christmas is thought about every day from the beginning of January it was important to put together a funding package quickly , enabling them to complete the move before they reached peak production times .
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