Sunday January 19, 2020

East Coast Bakehouse adds EY to mix as it opens €5m funding round

Biscuit maker aims for growth and expansion funding as it emerges from start-up stage and planned losses

12th January, 2020
Michael Carey, co-founder of East Coast Bakehouse: “Until you get revenue up to a fairly high level, you bear losses. That was on schedule.” Picture: Newsfile

Biscuit maker East Coast Bakehouse has appointed EY to advise it as it seeks to raise a further €5 million in growth and expansion funding.

“We’re just kicking off the process of the next round of funding,” co-founder Michael Carey said to the Business Post last week.

Recently filed accounts for the Drogheda-based business showed a loss of €4.8 million but Carey said that these were planned losses and part of...

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