Finsbury Food Group, a leading manufacturer of cake and bread bakery goods, has announced its preliminary results for the financial year ended 28 June 2014, showing profit growth of 18%.
The baked goods company is aiming to eventually double in size, predominantly through mergers and acquisitions.
The key highlights of the last 12 months included being named UK Bakery Supplier of the Year 2013.
Also, the firm's Investment in single serve Cake slice 'snap pack' was successfully completed in the year, as well as the largest cake bites robotic picking installation in the world.
John Duffy, Chief Executive, said, 'At the end of another exacting year, it gives me great pleasure to report a further rise in bottom line growth. We have good momentum slightly disguised by a poor market, underlining yet again our ability to achieve consistent results under demanding conditions.
'In addition, we are pleased to welcome Peter Baker as Chairman which adds considerable expertise and capability to the Board. The Group is now focused on driving growth for the business and shareholders through appropriate M&A whilst not losing sight of driving growth in the core business.'