Cake Box Holdings PLC Acquisition of Warehouse and Distribution Centres (9432R)
06 March 2019 - 6:00PM
UK Regulatory
TIDMCBOX
RNS Number : 9432R
Cake Box Holdings PLC
06 March 2019
6 March 2019
Cake Box Holdings plc
("Cake Box" or the "Company" or the "Group")
Acquisition of Two Warehouse and Distribution Centres
Cake Box Holdings plc, the specialist retailer of fresh cream
cakes, is pleased to announce that it has acquired the freeholds of
two warehouse and distribution centres in Bradford and Coventry for
an aggregate consideration of GBP1.4m. The consideration has been
funded from existing cash resources.
The two warehouse and distribution centres will help support the
Group's future growth, including new franchise store openings which
continue strongly and in line with its plans. As at the end of
February 2019, Cake Box had 111 franchise stores, having opened a
further 10 since its half year end.
In addition, as set out in the Group's interim results on 28
November 2018, Cake Box intends to install some sponge production
capability at the new centres which would enable the Group to
reduce its distribution costs and provide a back up to its existing
production facility in Enfield.
The Group expects to give an update on trading for the year
ended 31 March 2019 in April 2019.
For further information, please contact:
Cake Box Holdings plc
Sukh Chamdal, CEO
Pardip Dass, CFO +44 (0) 20 8443 1113
Shore Capital
Stephane Auton
Patrick Castle
James Thomas +44 (0) 20 7408 4090
MHP Communications
Oliver Hughes
Simon Hockridge
Charlie Barker
Pete Lambie +44 (0) 20 3128 8570
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END
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