FDBusiness.com

Phoenix Group turnover up 70% in 12 months

 Breaking News
  • UK Shoppers Set to Spend £21.6 Billion on Food and Groceries This Christmas The UK grocery market is set to experience 2.4% growth this Christmas, with shoppers predicted to spend £21.6 billion over the festive period, according to the latest forecast from research organisation IGD. With nearly half (48%) of shoppers agreeing that food and drink is the most important part of Christmas Day, grocery has a key role to [...]...
  • Europastry Broadens its Portfolio Europastry, a family-owned business specialising in frozen bread and patisserie products, has completed its purchase of Confeitaria Torres, a Portuguese bakery company. Based in Trofa near Porto, Confeitaria Torres supplies fresh and deep-frozen bakery and pastry products. With the acquisition, Europastry adds another craft baker to its production capacity, further consolidating its range of high quality [...]...
  • Quality is King in China’s Infant Formula Market Chinese parents care much more about the quality and nutritional value of infant formula than its price, new research by Advanced Lipids has shown. China accounts for almost half of all infant formula sales globally. To gain new market insights, Advanced Lipids, manufacturer of the fat ingredient INFAT®, surveyed 211 urban Chinese parents. All fed their children [...]...
  • Austrian Meat Manufacturers Turn to FlatSkin® System by SEALPAC Food retailers in Austria, like in many other European countries, are increasingly choosing vacuum skin packaging. This technology can be found in a growing number of varieties across the retail shelves, owing to its obvious benefits: securely sealed under deep vacuum, food products have a significantly longer shelf life and can be presented in a [...]...
  • FrieslandCampina Strengthens US Presence Royal FrieslandCampina, the global dairy group, has acquired US-based importer and distributor Jana Foods. The acquisition will further strengthen FrieslandCampina’s position in supplying Dutch specialty cheese to the US market. Jana Foods will be integrated in the FrieslandCampina Consumer Dairy USA business. “This acquisition supports our strategy of investing for growth. This investment is in line [...]...

Phoenix Group turnover up 70% in 12 months

Phoenix Group turnover up 70% in 12 months
December 08
10:17 2015

Phoenix Group  has reported a 70% increase in turnover year-on-year for the 12 months to August 31st, driven by significant growth in its contract filling business.

The firm turned over £1.72 million during its 2014/15 financial year, up from £1.014 million the year before; it also increased its output by 99% per cent compared to the previous year.

Eight years after it was founded, Phoenix Group assembled, filled and packed 2.77 million retail products in the 2014-15 year until August 31st across its three Nottinghamshire sites.

Phoenix is also the UK’s largest producer of cold pressed seed oils and pressed almost 4820 tonnes of rapeseed in the 2014-15 year until August 31st, an increase of 130% increase on the the 2013-2014 figure of 2080 tonnes.

Ben Guy, MD for Phoenix Group, said: “This year’s figures are a sign of just how far we’ve come as a business to date with another exceptionally strong year. We originally forecasted 50 per cent growth last year so to beat that by more than £200,000 is a great achievement for us all.

“We’ve done it by focusing on the strengths that set us apart from our competitors. We work as partners with our customers, increasingly offering full ‘end-to-end’ supply chain management, and drawing on our expertise to make their whole production process smoother and more efficient.

“We’ve also changed the services we offer to suit the changing needs of our customers, moving into specialist high care manufacturing, growing our contract filling business and investing more than a quarter of a million pounds in state-of-the art machinery and infrastructure last year alone.”

These latest growth figures cover a year when Phoenix won new contract work from global brands like Vita Coco and up-and-coming SMEs like Moonshine Drinks.

It follows Phoenix’s recent expansion into a second production facility and comes as its senior management team is expected to grow from five to seven by the end of 2015.

Phoenix Group was formed in 2007 by Hammond Produce, a £15 million farming business based in Nottinghamshire. By 2010 it had become the UK’s largest cold pressed seed oil producer. The 26,000 sq ft factory now contains two bottling systems capable of handling 15 million bottles a year combined.

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements