New Lancaster wholesale bakery businesses secures £250,000 funding

Goodness_Baked FDMB North West

A new wholesale bakery business has launched in Lancaster after securing £250,000 worth of funding and already set its sights on an ambitious £1m turnover.

Goodness Baked, which has been set up by husband and wife team  Ian Stansfield and Siona Mckimmie, will manufacture a range of artisan-style breads, pastries, cakes and snacks to be sold by major retailers and hospitality businesses. Christmas pudding production will also form a major part of operations.

The duo have partially self-funded the venture, with additional support coming from Warrington-based asset finance specialist Academy Leasing. The company has funded a suite of equipment for the factory to the value of £250,000, which has been supplied by Mono Equipment.

Stansfield commented: “It’s always been my dream to own by own baking business and I’m so thrilled that it’s all come together. With Goodness Baked, our aim is to offer unique, consistently high quality produce, while having the flexibility to cater to a wide range of needs, and we already have a number of exciting contracts in the pipeline, so I’m sure we can smash our target of £1m turnover.

Paul Horan, Asset Sales Manager at Academy Leasing, added: “While they had no history of accounts to prove the sustainability of their business model, Ian and Siona came to us with a solid business plan and bags of experience, so we worked closely with them to help turn their dreams into a reality.

“The impact good equipment can have on a business is immeasurable – particularly in catering, where efficiency and consistency are key – so we were delighted to play such an important role in their growth. Goodness Baked is already set to be a truly successful business and we wish them the best of luck on their journey.”