The Cornish Bakery Shops Limited
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
The Cornish Bakery Shops Limited - overview
Established
1994
Location
Bristol, England, UK
Primary Industry
Travel & Leisure
About
The Cornish Bakery Shops Limited is a specialized bakery focused on crafting authentic Cornish pasties and a variety of artisanal baked goods, appealing to customers seeking quality, convenience, and tradition in their culinary experiences. Founded in 1994 by Stephen Grocutt, The Cornish Bakery Shops Limited specializes in producing traditional Cornish baked goods. The company has evolved its operations to cater to both local and international markets, with its headquarters located in Cornwall, England. Stephen Grocutt's entrepreneurial background is instrumental in shaping the bakery's focus on authenticity and quality.
Cornish Bakery specializes in a diverse range of baked goods centered around their signature Cornish pasties, which are offered in multiple flavors including traditional, vegan, and gourmet variations. The company also provides an assortment of complementary products such as artisanal jams, chutneys, and chocolates, designed to enhance the culinary experience of their customers. The pasties and other baked items serve various end-use cases, including casual dining, celebrations, and takeaway meals, appealing to individuals and families seeking convenient yet quality food options. The products are crafted to evoke the flavors of Cornwall, catering to a clientele that values authenticity and quality in their food choices.
Cornish Bakery operates in multiple geographical markets, successfully distributing their products not only within the UK but also expanding to international customers who seek a taste of traditional Cornish cuisine. Cornish Bakery’s revenue generation is primarily driven through direct-to-consumer sales and online orders, with a particular focus on bulk purchases of their baked goods. The company structures its transactions to include individual product sales alongside larger bundles, such as packs of traditional Cornish pasties or various baked goods, allowing customers to choose based on their needs. Pricing for individual items ranges from approximately GBP 3.
65 to GBP 45, depending on the specific product offering, which includes both single items and multi-packs. The revenue model capitalizes on free shipping for orders over GBP 35, incentivizing larger purchases. This strategic pricing and product structure aim to enhance customer loyalty while accommodating a range of consumer preferences and market demands.
Primary Industry
Travel & Leisure
Sub Industries
Restaurants & Nightlife, Travel & Leisure
Website
www.thecornishbakery.com
Total Amount Raised
Subscriber access only
The Cornish Bakery Shops Limited - timeline of key events

The Cornish Bakery Shops Limited - financials
| Fiscal Year Ended | Nov 26, 2017 | Dec 02, 2018 | Dec 02, 2019 | May 28, 2020 | May 28, 2021 | May 26, 2022 | Jun 01, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 11,508,399 | 13,712,606 | - | 17,502,827 | - | - | - |
| % Revenue Growth (YoY) | - | 19.2% | - | - | - | - | - |
| EBITDA (USD) | 1,291,063 | 1,472,420 | - | 933,327 | - | - | - |
| Operating Income (USD) | 824,292 | 818,384 | - | (199,949) | - | - | - |
| Operating Margin | 7.2% | 6.0% | - | (1.1%) | - | - | - |
| % EBITDA Margin | 11.2% | 10.7% | - | 5.3% | - | - | - |
| NET Income (USD) | 526,969 | 440,396 | - | (437,959) | - | - | - |
| % Net Margin | 4.6% | 3.2% | - | (2.5%) | - | - | - |
The Cornish Bakery Shops Limited - employee data


Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.