Manchester-based bakery business, Carrs Foods, has been ranked at number seven in this year’s The Sunday Times HSBC International Track 200.
The list, which was announced this week, ranks Britain’s mid-market private companies with the fastest-growing international sales. Carrs Foods achieved an international sales growth of 279% compared to 2015, with a global sales turnover of £38m.
Compiled by Fast Track, Track 200 is now in its eighth year and measures international sales figures over the latest two years of available accounts.
“Carrs Foods has bought originality and excitement to a traditional industry,” the company said in a statement, “by taking on a modern forward-thinking approach to the sector, working with selected partner bakeries, to produce the highest-quality products for its consumers and customers.”
As a disruptor in the industry, Carrs Foods said it has “led the way in bringing innovation to the morning goods, bread and cake sector and re-invigorated the category.”
Carrs Foods said its St Pierre brand, in particular, has experienced “phenomenal” growth – it is now the number one European bakery brand nationwide*.
In addition to St Pierre, the Baker Street brand has been growing across selected territories in the Middle East and Europe, and the Paul Hollywood range “has gone from strength to strength” with the launch of new products.
Jeremy Gilboy, managing director of Carrs Foods, said: “It is a great achievement to have been ranked at number seven and to be included in the listing for the very first time.
“This ranking reflects our strong continued growth year-on-year and helps cement our position as an international market leader in the bakery sector.”