FDBusiness.com

Faccenda Foods Sees Fourth Consecutive Year of Improved Results

 Breaking News
  • Ardgowan Unveils Plans For Inverclyde Distillery Ardgowan Distillery has revealed ambitious designs for its new £12 million distillery which is being built on the Ardgowan Estate near Inverkip, 30 miles west of Glasgow. The plans showcase the flagship building which has just secured revised planning consent from Inverclyde Council. The striking new design, by Michael Laird Architects, brings a number of improvements [...]...
  • HKScan Launches Exports of Finnish Poultry Products to Sweden HKScan, the Nordic food and meat group, has started exporting Finnish poultry products to Sweden. They will initially be sold through the largest retailer ICA’s outlets under the Karinäs®(Kariniemen®) brand. The launch gives Swedish consumers access to a new innovation: high welfare farm-born poultry that is hatched on the farm where it is raised. This new concept is [...]...
  • Almonds Retain Top Spot For Nut Introductions in Europe According to Innova Market Research’s latest Global New Product Introductions Report, almonds retain the number one spot for nut introductions in Europe. With a 47% share of global almond product introductions, the region leads globally for the eleventh year running. Europe as a whole saw a total of 5,017 new introductions with almonds – a [...]...
  • Arla Foods UK Launches New Standards Model to Bring Sustainable Change to Dairy Farming With ongoing volatility in the global milk markets, increasing consumer misunderstanding of the sector, polarised levels of support for UK dairy farmers and a new post-Brexit Agriculture Bill the challenges for dairy farmers are mounting. Farmer-owned co-operative Arla Foods has launched ‘Arla UK 360’ – a new standard in UK dairy farming. The Arla UK 360 [...]...
  • €172 Million to Promote EU Agri-food Products In and Outside the EU The European Commission will provide funding of €172.5 million from the EU agricultural budget to promote EU agri-food products in Europe and across the world. 79 campaigns, covering a wide range of products such as dairy products, olives and olive oil, and fruit and vegetables, will be rolled out over the next three years. Agriculture and [...]...

Faccenda Foods Sees Fourth Consecutive Year of Improved Results

Faccenda Foods Sees Fourth Consecutive Year of Improved Results
January 21
09:56 2015

Faccenda Foods, one of the UK’s leading food companies, has filed annual results showing a strong performance for the 2013/14 financial year. The results showed year-on-year top line growth of 12% to £520 million and an increase in pre- tax profits to just over £15 million.

Faccenda Foods is a vertically integrated poultry focused business providing fresh and convenience food solutions for the UK retail and food service sectors.  This is the first time the business has published its results since the full integration of its turkey operations in April 2014.

Andy Dawkins, managing director of Faccenda Foods.

Andy Dawkins, managing director of Faccenda Foods.

Reflecting on the results, Andy Dawkins, managing director of Faccenda Foods, comments: “We are pleased to report a fourth consecutive year of improvement in both top line growth and financial performance. We knew that continued success this year would be underpinned by leveraging the benefits of running one integrated food business, investing in our supply capability and providing first-to-market innovation for our customers and we believe we have been able to deliver these.”

Following the full integration of the turkey business and creation of Faccenda Foods in April and the success of its ‘Roast in the Bag’ products, Faccenda Foods has just completed a new £35 million processing facility at its Telford site.

Andy Dawkins continues: “Despite a general economic environment that continues to challenge we have been able to generate growth through working closely with our retail and food service partners, growing and succeeding with them.”

He is also pleased by results across the group: “Performance has been strong in both chicken and turkey operations and in particular we have been encouraged by the success of our expanding convenience ranges.”

FaccendaFoodsRoastintheBagForWebLooking forward Andy Dawkins comments: “Our strategy of growth in scale, product innovation and trusted delivery has paid dividends for our customers. We remain committed in the next few years to significant investment in farming, manufacturing and most importantly our people, who we firmly believe are key to our long term success as a business.”

In 2014, Faccenda confirmed it paid all of its employees and agency staff at least £7 per hour, significantly above the minimum wage.

He concludes: “Whilst overall these are a very good set of results, the economic environment and market conditions remain demanding and we will continue to focus relentlessly on delivering fantastic service, convenience, innovation and value to the customer. We remain confident that with our strong balance sheet and great people, we can continue to reinvest to grow our business, drive our strategy and build on these results to deliver strong performance in the year ahead.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 21, 2018Int'l Food Products Exhibition (Sial)
  • October 25, 2018Italian Espresso Coffee Show (TriestEspresso Expo)
  • October 25, 2018Finnish Food Fair
  • October 31, 2018Int'l exhibition for food products and equipment (Indagra Food)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements