Pancake manufacturer flips towards confident future after investment boost
A BURGEONING pancake manufacturer has attracted a £350,000 investment from Finance Yorkshire to help it pursue further plans for growth.
From modest beginnings in 2005 as a creperie in Headingley, Enjays Pancakes has grown to become a leading manufacturer of crepes, pancakes and blinis.
It is the first investment in the food sector for Finance Yorkshire’s Equity Linked Fund, and will enable Enjays to develop its product range, creating up to 10 new jobs.
The investment caps a successful period for Enjays, from its first branded cart at Butlins in 2008, the firm went on to open branded outlets at theme parks and universities throughout the UK.
In 2011, it opened a dedicated pancake factory and became principal supplier to food service provider 3663.
Finance Yorkshire was represented by a 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.”
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.”
