Finsbury Food Group saw its group revenue increase 8% for the last financial year, the UK cake maker said today (30 July).

In an update ahead of its close period, Finsbury said the "full year" effect of the businesses acquired in the 2008 financial year account for 5% of the growth.

Around 1% comes from the current fiscal year lasting 53 weeks, rather than 52 weeks.

Over the past year, Finsbury has completed a number of acquisitions, including the transformational Lightbody Group deal, as well as the Anthony Alan, Yorkshire Farm Bakery, A&P Foods and Goswell Enterprises.

Sales in the company's bread and free-from division experienced like-for-like growth of 14%.

The group's cake division experienced 2% growth in absolute terms versus the prior year. On a like-for-like basis however, sales were flat, continuing the first half trend. 

Chief executive Martin Lightbody said: "I am pleased to be able to report growth in revenue despite the recessionary environment in which we have operated and during what can only be described as a difficult trading period for the group and a transitional year for a number of our operating subsidiaries."