Profit up 50% for Faccenda Group

The company claimed to have grown sales by £14M to £365M in its 2012/2013 financial year to April 27, chalking up pre-tax profit growth of 50% to £5M.

Md Andy Dawkins said he was “pleased by the improvement in both top line growth and bottom line performance for the third consecutive year”.​

Significant investment​

The vertically integrated firm is investing in a new processing facility at its Telford site, following significant investment in its factory at Brackley and the acquisition of Cranberry Foods turkey business in 2012.

Cranberry Foods’ performance had not yet been integrated into Faccenda’s overall results, but Dawkins was quick to highlight its success.

“The Cranberry operation continues to deliver strong results while also creating a diverse and complementary product mix for our overall food operations.”​

He added that Faccenda was committed to long-term investment in the UK agriculture and manufacturing sectors and its staff in order to keep growing.

‘Further improvements’​

“Whilst overall we are pleased with these results, we are confident that we have the right strategy and people to build on our strong foundations and produce further improvements in year ahead,”​ he concluded.

Faccenda, which is headquartered in Brackley, Northamptonshire, focuses on providing fresh and convenience food solutions for the UK retail and foodservice sectors.