Direct Table Foods brings home the bacon
Direct Table Foods boosted pre-tax profit and sales in the past full financial year, helped by more stable raw material prices, according to accounts posted earlier this month at Companies House.
The company, which is part of the Tican Group, and processes and supplies bacon and gammon, reported pre-tax profit up by a quarter in the year to 28 September 2014, from £4.7m to £6m.
Turnover rose by 6% compared with the previous year, from £149.9m to £158.9m, driven by trade within the UK, which forms the bulk of its business.
“The directors consider that, in a difficult and constantly challenging retail climate, within a competitive market sector, the performance in the year, together with the year-end position, were satisfactory,” the company stated in its financial results.
“Compared to the previous 12 months, raw material prices were generally more stable and this affected the company’s result for the year.
“The directors do not expect market conditions to materially change in the immediate future, although they do expect continued pressure on costs together with further pressure on margins.”
The company said it aimed to achieve continued profitable organic growth and enhance supply chain excellence.
Direct Table Foods cures, smokes, slices and packs bacon from its factory in Bury St Edmunds, Suffolk. Its brands include Direct, Sizzling and Suffolk Crown.
Tican Group announced that it would merge with Danish Crown in February. Approved by 91% of Tican’s owners in March, the integration of the two companies continues.
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