Author: TheBakehouse

East Coast Bakehouse applies for examinership

East Coast Bakehouse has today applied to the High Court for the appointment of an examiner.

As part of the application, the company has nominated Kieran Wallace of Interpath to act as examiner.

The application is intended to provide the company with a period of court protection while it restructures its balance sheet in order to secure new equity investment, with the aim of supporting the long-term future of the business and protecting employment.

An independent expert report prepared by Luke Charlton, Restructuring Partner at EY and presented to the Court, has concluded that the company has a reasonable prospect of continuing as a going concern, subject to a successful restructuring.

The business has faced financial cash pressure arising from high ingredient cost inflation, general increases in cost of doing business and phased repayment arrangements of tax liabilities.

The company employs 78 people at its manufacturing facility in Drogheda, Co Louth. Operations are continuing as normal during the examinership process.

Commenting, Michael Carey, Chairman, East Coast Bakehouse, said: “This has been a difficult decision, but we believe examinership offers the most constructive route to securing the future of the business. We have built a strong manufacturing business with a committed workforce, a diversified customer base and clear opportunities for growth. This process will allow us to address legacy financial pressures, strengthen the balance sheet and create a solid platform to conclude negotiations on further equity investment. During this period, the business continues to trade and products remain available to customers as normal. While there is work to be done, we are confident that this process can conclude successfully and result in a strengthened business with positive long-term prospects. We are grateful for the continued support of our employees, customers, supplier and shareholders as we work through this process and seek to emerge with a stronger and more sustainable business.”

You can download a copy of the notice here

New ‘In The Zone’ Range

Back in February 2022 we launched a new range of protein cookies and biscuits which are endorsed by both the GAA and GPA.

The new ‘In The Zone’ range comprises of 4 tasty variants, two high protein low sugar cookies – Soft Bake Double Chocolate flavour and Soft Bake Cookies & Cream flavour, both with 20g of protein, as well as two high protein biscuits with 10g of protein – Crunchy Double Chocolate flavour and Crunchy Salted Caramel flavour.

Designed for the health-conscious consumers, who doesn’t want to compromise on taste, and is looking for the perfect pre or post workout snack.

https://www.gaa.ie/news/gaa-and-gpa-endorse-new-irish-protein-cookies-brand/

Gold Member of Bord Bia’s Origin Green Programme for 2021

East Coast Bakehouse is delighted to be awarded Gold Member of Bord Bia’s Origin Green Programme. Gold Membership is the highest form of membership a company can attain in any given year.

We’re committed to ensuring that we are a sustainable producer, taking care to develop our processes, sourcing policies and ways of doing business that has minimal impact on our environment. We’re working with Bord Bia to implement the Origin Green Programme, aiming to deliver real improvements in how we reduce waste, improve our use of energy and generally do our bit for the environment.


East Coast Bakehouse Exhibit at the World’s Largest Sweets & Snacks Trade Fair

We recently exhibited at ISM 2020 in Cologne, whereby we showcased our existing product range along with some new concept ideas from our ‘Better for You’ range.  As expected there was huge interest in our Vegan, Low Sugar, Sugar Free and Protein cookies.

ISM is the world’s largest trade fair for sweets and snacks, attracting 37,000 trade visitors from 148 countries. It has established itself as most important business hub, export driver and innovation platform for the sweets & snacks industry.

Exporter of the Year 2019

East Coast Bakehouse was crowned overall 2019 Exporter of the Year after winning the Small & Emerging Exporter of the Year earlier in the evening. With 12 high-profile companies winning awards across the 12 categories, this year saw one of the most competitive processes in the Awards’ history.

New Chocolate Enrobed Range

At East Coast Bakehouse we really believe in “Baking Better Biscuits”. That’s why we’ve sourced the finest ingredients to create our new range of chocolate ‘Enrobed’ biscuits baked right here in Drogheda.

We’re thrilled to announce the launch of our new Enrobed range – A range of three of our favourite biscuits fully enrobed with gorgeous milk chocolate. Ginger Crunch, Coconut Crunch and Double Choc Chunk Cookies, all made with pure Irish Butter and smothered in milk chocolate. Available in your local store from November.

Ryan Tubridy on what “Enrobed” means?

To celebrate St Patricks Day and all things Irish, we sent some of our biccies to some well known Irish celebs. Ryan Tubridy was particularly taken with our “Enrobed” choc chunk cookies, and raised the question “What does enrobed mean?”

Officially the dictionary states that “Enrobed” means “to coat (an item of food) in chocolate”

Yes, we could have called them coated, or covered, but we love the sumptuous sound of ENROBED………. Mmmmmmm!