Jungs, the continental bakery and patisserie, has revealed ambitions to expand after securing a new six figure funding package.
With the funding from Clydesdale Bank it has grown its Beaconsfield premises in Buckinghamshire by 3,000 sq. ft. to encompass new equipment and baking ovens. The investment will also create up to 12 jobs over the next year and potentially double the bakery’s turnover.
The business sells artisanal products including cakes, pastries, breads and soups from three cafes based in Beaconsfield and Gerrards Cross in Buckinghamshire, and Windsor in Berkshire. Jungs also provides a wholesale service, supplying clients across the UK.
It was established in 1942 by current managing director Richard Mathea’s grandfather. Now a third-generation family business, the bakery employs 120 staff and sells a range of German and Swiss influenced food, inspired by Richard’s German family roots.
Mathea said: “We have seen growing interest in artisanal products for a while now and this recent investment will be instrumental in letting us cater to the increased demand.
“My plans for the future involve maintaining the traditional influence that inspires our products while exploring new opportunities, such as opening more retail units and expanding the wholesale section of the business.”
Jungs Bakery has been a customer of Clydesdale Bank for five years. The funding was delivered by Kevin Bishop, relationship manager at Clydesdale Bank’s Business and Private Banking Centres in Reading.
Mark Laughlan, head of Clydesdale Bank’s business and private banking centres in Reading and Oxford, added: “Richard has driven forward the growth of Jungs from its Buckinghamshire base and we are pleased to have supported his business. As economic conditions continue to improve, Clydesdale Bank remains focused on supporting the growth ambitions of businesses in the Thames Valley.”