Pancake manufacturer receives £350k investment
Burgeoning Leeds based pancake manufacturer Enjay’s has attracted a £350k equity linked investment from Finance Yorkshire.
Initially a creperie in Headingley founded in 2005, Enjays Pancakes, has become a major manufacturer of crêpes, pancakes and blinis.
It is the first investment in the food sector for Finance Yorkshire’s Equity Linked Fund, and will enable Enjays to significantly develop its product range, creating up to 10 new jobs.
Finance Yorkshire was represented by a strong deal team at Walker Morris and invested alongside sector-experienced Howard Farquhar who, following his investment, has been appointed as Chairman of the business.
The firm’s Managing Director, Jon White said: “This investment secures the long-term future of Enjays at a really critical time. It will open up many opportunities in potential new markets and will allow us to take an increasingly strategic approach to the future. We’re looking forward to significantly developing our product range and building firm foundations for long-term growth.”
He added: “From the outset, Finance Yorkshire has been incredibly supportive and understanding of our needs.”
Katharine Braim, Finance Yorkshire’s Investment Manager said: “The ambition and commitment of the management team made Enjays a promising investment for Finance Yorkshire. Market demand and a requirement by a current customer to diversify the product range suggest that this is a Yorkshire firm with an incredibly bright future ahead.”
This was posted in Bdaily's Members' News section by Clare Burnett .
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