Management at Geary’s Bakery hope new contract wins could see them producing 1 million loaves every week within a few years.
Geary’s has already grown production to 600,000 loaves a week thanks to a partnership with Aldi and a new bakery in Glenfield.
And it has room to grow at the new factory on the Optimus Point business park – and create new jobs.
Managing director Jason Geary said: “We are already planning an extension at Glenfield in the next few months which will add another 200,000 loaves a week and will still have a third of the production floor spare.
“When the new line is at capacity, we will add another line which should eventually take us to over 1 million loaves a week. That will be three to five years away.”
Geary’s production is split between factories in Barrow-upon-Soar and Glenfield, and the business has taken on 30 or 40 people in the past year growing the team to around 250 staff.
The £300,000 production line extension at Glenfield will open in the next three or four months, taking capacity to 800,000 loaves a week and creating about 15 jobs new jobs.
The Glenfield bakery opened around 15 months ago following a £15 million investment, supported by Leicester accountants Newby Castleman.
Mr Geary said it had been hard work settling into the new plant, but things were flying along now.
He said the Barrow bakery supplied rolls and bread for sandwich producers such as M&S.
Glenfield, he said, baked bread for supermarkets, with Atherstone-head quartered Aldi their main client.
Geary’s supplies Aldi stores across the UK with its artisanal long-fermented craft bread.
Mr Geary said: “We had literally filled the existing site in Barrow and so invested £15 million in Glenfield which is our new head office.
“Things are going well. Last year was tough with moving into the new site and getting the factory bedded in, but by the back end of the year it really started coming together and is performing very well.”
As with previous expansions, Geary’s turned to its long-standing accountants Newby Castleman for advice.
It has been working with the same accountants since the days when the firm was run by Jason Geary’s grandparents.
Newby Castleman partner Stephen Castleman said: “We pride ourselves on building deep, lasting client relationships, immersing ourselves into their businesses and ensuring that not only are they fully compliant in all areas, but they have the best financial set-up possible in order to facilitate growth.
“To offer our assistance to Geary’s Bakeries in taking this next step has been very rewarding.
“We are proud to play whatever role we can in helping such a dynamic, ambitious brand to flourish.”
- Week in Wrestling: The Young Bucks Open Up About 2016; The Year in Review
- 2017 NFL Mock Draft: Week 16 Update
- NFL Predictions: Week 8 Picks and Hot Takes From Around the NFL
- 2017 NFL Mock Draft: Post Week 1 Update
- Week in Wrestling: Bray Wyatt doesn’t like being called a character; TK O’Ryan details his rehab
- Rams' dominant defense focuses on creating more turnovers
- The Week in Wrestling: Adam Cole on his RoH title, Road Warrior Animal on tag teams
- 2017 NFL Mock Draft: 1st-Round Projections after Week 3
- Here’s What is Left to Make Las Vegas Raiders a Reality
- 2017 NFL Draft: Cleveland Browns 7-Round Mock Draft Off Bye Week
- Fantasy Football Week Two: Starts, Sits, and Sleepers
- Week 2 Fantasy Football: Who to Start, Sit, and Sleepers
- PFF Recap: Grading the Oakland Raiders in Week 6
- Week in Wrestling: Bobby Roode promises WWE title run; Kurt Angle talks fatherhood
- Fantasy Football: Salah and the five best options for blank game week 31
- Opponents say negating speed and creating turnovers keys to beating Knights
- Why can’t the Packers make the playoffs?
- Week 9 A-League preview: Regionals
- Under ACC COY Fuente, Hokies make seamless transition from Beamer era
- Is it time to introduce a spending cap for all counties?
Geary's Bakery gearing up to make 1m loaves week and create jobs have 646 words, post on www.leicestermercury.co.uk at January 18, 2019. This is cached page on Health Breaking News. If you want remove this page, please contact us.