Cake maker Inter Link Foods said it had managed to push through price increases to retail customers after flour prices had soared over the summer.

Chief executive Alwin Thompson said the flour price hikes were “substantial” and “unsustainable”.

Speaking at the AIM-listed company’s agm, chairman Jeremy Hamer said sales had jumped 26% in the first four months of the financial year.

Like-for-like sales in the manufacturing businesses were 7.1% ahead, while sales at recently acquired malt bread brand Soreen were up 4.5% in the period.

Inter Link, which is aiming for the number two spot in the cake market, is looking for acquisition opportunities in the £10-£25m region in a bid to double sales to £100m.

The company now supplies every major UK supermarket and a growing number of foodservice customers with own label and branded cakes and pastries. Hamer said a record number of new products had recently been launched across the group into the multiples.