Peyton and Byrne appoints advisors to explore its options

Artisan bakery and café Peyton and Byrne has appointed Deloitte as its advisors to help consider its options for the future of the business.

The group, which is backed by the Business Growth Fund (BGF), has refuted any suggestion that the appointment has been made to resolve a financial issue within the company.

A spokesman told The Times: “Deloitte are working with the board of Peyton and Byrne – at the board’s request – to help them consider strategic options for the future.”

This summer the bakery opened up a fifth outlet at Kew Gardens, The Botanical - it also operates a seven-strong London bakery portfolio.

BGF invested £6.3m into the business in December 2012 and also appointed Mike Johnson as its non-executive chairman for the expansion to become possible.

The group also currently operates London bakeries in Hammersmith, Greenwich, White Peaks Café, Victoria Gate, Wellington Street, Central St Giles and Great Portland Street, as well as outlets at a number of other visitor attractions including the RA Grand Café at the Royal Academy of Arts.

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