Cake and desserts supplier Eaton’s Patisserie is aiming to double its turnover after moving to a new site.
The south Devon business produces more than 300 varieties of product including baked puddings, individual desserts and large gateaux for customers in the foodservice, retail and wholesale sectors.
Eaton’s is hoping to double its annual from £3m to £6m, and increase the workforce from 40 to 80, in the next five years after moving to a new 20,000 sq ft site in Torquay.
The business said it outgrew its former 3,500 sq ft manufacturing site in Kingsteignton after winning new business contracts.
The acquisition of the new site is being funded with a six-figure loan from Lloyds Bank Commercial Banking, while a working capital facility has been put in place to allow the business to invest in new equipment including ovens, without impacting day-to-day cash flows.
“Our investment into our manufacturing site, equipment and colleagues will allow us to continue growing our customer base and developing our product line, to the high standard for which we are already renowned,” said Eaton’s Patisserie managing director Russell Eaton, adding that limited space at its old premises was stifling growth.
“First and foremost, delivering high quality cakes and desserts to our customers is at the heart of everything we do. While some of our orders are large scale, our homemade, traditional credentials do not falter.”