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During the height of lockdown in April, this artisan bakery’s online sales grew 400%. Gail Stephens founded The Bread Factory — named ironically because it specialised in handmade, artisan baking — in 1993 to supply chefs across London. A search for quality baking led current chief executive Tom Molnar, 54, to get involved in the business and launch Gail’s in 2005, selling premium bread and cakes to the public. The group is backed by Risk Capital Ventures and has since expanded to 62 bakeries in the southeast of England. Sales grew to £117m this year, and bakeries in Windsor and London’s Blackfriars were opened.

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Company details
Year2020
Rank219
CompanyGAIL’s & The Bread Factory
ActivityArtisan bakery
LocationNorth London
Sales £m117.0*
Operating profit £m6.7*
Main shareholdersRisk Capital Partners (50%) Stardust Productions S A (11%) management, Tom Molnar & Ran Avidan (39%)
Staff2,238
Founded2006
Websitewww.breadltd.co.uk

If applicable:

* supplied by company   † annualised figure   ‡  profit = ebitda