Faccenda Foods sees profits rise for fourth consecutive year
Faccenda Foods has reported an increase in profits for the fourth year running.
The company’s annual results saw year-on-year top-line growth of 12% to £520 million and an increase in pre-tax profits to just over £15m, for the 2013/14 financial year.
It is the first time the business has published its results since the company fully integrated its turkey operations in April 2014.
The financial year in question also saw the completion of Faccenda Foods’ new £35m processing facility at its Telford site.
Andy Dawkins, managing director, said: “Despite a general economic environment that continues to challenge, we have been able to generate growth through working closely with our retail and foodservice partners, growing and succeeding with them.
“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.”
Faccenda also noted the success of its Roast in the Bag products.
Dawkins added: “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.”
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