Patisserie Valerie is celebrating a successful year after being named on the Sunday Times Virgin Fast Track 100 List.
The Birmingham-based patisserie chain has been ranked number 52 on the list, which names the top 100 privately-owned businesses showing the fastest-growing sales over the past three years.
Following the 2006 Risk Capital Partners-backed management buyout for £6m, Patisserie Valerie has seen sales grow 68% a year from an annualised £7.1m in 2007 to £33.4m in 2010.
Paul May, chief executive officer for Patisserie Valerie, said: “Despite the current climate of doom and gloom, we have continued to bring investment and job opportunities to the UK’s high streets and encourage the interest of the public, who welcome the new stores.
“Having Patisserie Valerie ranked on the Sunday Times Virgin Fast Track 100 list is a true testament to the hard-working team we have on board at all levels of the business and is something we are extremely proud of.”
The company pins its success on its nationwide growth, recently opening a new store in Henley-on-Thames and creating 25 new jobs. It plans to open its final café for 2011 in Sheffield, with plans to open new outlets in Birmingham and other locations in 2012.
The company, which was established in Soho in 1926 by Madame Valerie and with headquarters based in Birmingham, has opened over 50 stores and, in the past 18 months, has created over 500 new jobs throughout the country.