Linden Foods sees 10% rise in turnover
Northern Irish meat supplier Linden Foods has reported a 10% increase in its turnover for the year to 20 September 2011.
Group turnover for the Dungannon-based business rose to £150.9m, up from £137m the previous year, or £259.4m including the company’s share of joint ventures, compared to £227.7m in 2010.
The company said that the growth was a result of a mixture of volume and price increases during the year. However, in its annual report, the company acknowledged that the nature of the business had changed, with producers forced to keep costs to a minimum and an increasingly seasonal supply base. It said it had sought to differentiate itself in the market by promoting niche producer schemes, including organic beef and Aberdeen Angus cattle.
It said that the business faced continued pressure from customers to maintain or reduce price levels, but that the growth had come from a mixture of volume and price increases during the year.
The annual report said: “The group has continued its strategy of expanding the capability within the business to create an entity suited to attacking the upper ends of the retail and foodservice sectors within the UK and European markets.
“Allied to this is the strategy of targeting resources to develop retail-ready products, enabling the business to continue to grow and add value through new product development aimed at engaging the customer closer to the high street.
“The group includes in its target market the premier restaurant and hotel trade in Ireland.”
Linden Foods was founded in 1984 as Granville Meat Company, but is now part of the Linden Food Group, which includes beef producers Slaney Foods, Linden and Kettyle Irish Foods, lamb processor Irish Country Meats, offal processor Hilton Meats, and divisions producing dairy, oats, feed and renewable energy, as well as livestock sales and agricultural supply stores.