Shore Capital acted as Nominated Adviser and Sole Bookrunner on the IPO of Cake Box Holdings plc
We are pleased to announce that Shore Capital has successfully raised c.£16.5m in connection with the AIM IPO of Cake Box Holdings plc. The shares were admitted to trading on 27 June 2018.
Cake Box is a franchise retailer of cakes with a growing store base across the UK. The first concept store opened in East London in 2008 from which the Group has grown to a franchise estate of 91 stores as at 13 June 2018. The Group specialises in making high quality, individually-crafted and personalised fresh cream cakes for purchase on demand or ordered in advance in store or online. In March 2018, Cake Box was recognised as one of the 100 fastest growing companies by turnover in the UK in the 2018 Sunday Times Virgin 100 Fast Track league table.
The Group offers an extensive range of fresh cream cakes in different sizes, many of which are available to be personalised and collected within one hour. Customers can personalise their cakes free of charge with a short message or an image for a small additional fee. This service is available while customers wait for cakes purchased on demand or can be included in an advance order. The Group’s cakes are completely egg free, which the Directors believe has no effect on taste and texture and allows the Group to service a much larger potential market, including those customers who are unable to eat eggs for dietary or religious reasons.