Patisserie Holdings, the AIM-list group, has been named IPO of the Year at the Grant Thornton Quoted Company Awards 2015 to recognise high-achieving listed companies quoted below the FTSE 350 through to AIM and ISDX.

The companies in the category were judged by a panel of specialists based on the amount of money raised, the costs of float, timing, sector and the type of company floated. The judges then assessed the valuation of the company as well as performance since float.

Paul May, chief executive said: “This is a great achievement for Patisserie Holdings and we are delighted to have won this prestigious award. We’ve worked extremely hard to make this business a success, and will continue to do so.”

Patisserie Holdings is the UK’s largest patisserie cafe chain with over 150 sites nationwide. The company operates five brands - Patisserie Valerie, Druckers Vienna Patisserie, Baker & Spice, Flower Power City Bakery and Philpotts.