Cake manufacturer Inter Link Foods has admitted that it has received a possible offer for the company.

Reports in the weekend press suggested that the company was planning a management buyout and that it had appointed investment bank NM Rothschild to advise it on a deal.

In a statement released this morning, the company said: “The independent directors of Inter Link Foods note the article that appeared in the press yesterday and confirm that it has received an approach from a private equity house which would involve the company's management, and is in exploratory talks which may or may not lead to an offer for the company.”

It added: “These talks are at a very early stage and there can be no certainty that a formal offer will be made.”

Earlier this month the group blamed a hot summer for a 3.3% decrease in like-for-like sales.