A historic Leeds-based food business has grown turnover in its latest financial results, despite tough market conditions, and is now targeting future growth.
Fullers Foods International started out in 1876 with a fruit-and-veg barrow in Leeds market before evolving into a frozen-food supplier and distributor in the 1960s.
The company, jointly owned by Jason and Adam Fuller, supplies a range of own-brand frozen, chilled and ambient prepared foods to grocery retailers and food service operators throughout the UK.
It sources and distributes more than 350,000 tonnes of food per year, supported by more than 100 factories across Britain, northern Europe and the Far East.
Recently filed accounts show turnover increased to £287.4m in the year ending 31 January 2019, up from ££285.2m in 2017/18. Pre-tax profit was £4m, compared to £6.3m the year before.
Jason Fuller, who is the joint chief executive of Fullers Foods with his brother Adam, said: “The financial results reflect a stable performance in tough market conditions on the back of a high level of commodity price inflation in the last 12 months.
“Brexit still holds a degree of uncertainty as we try to plan for all eventualities on importing and supply chains.
“We have extended many contracts with our key partner customers and continue to build and diversify our product offers.
“We have also continued to strengthen our team and plan for the future with our normal energetic approach and optimism on our plans we have for future growth.”
Earlier this year, Fullers Foods extended its frozen food partnership with supermarket giant Asda. The long-term procurement agreement encompasses more than 175 Asda branded products including frozen chips, vegetables, fruit, herbs and chicken.
The company has also recently appointed Rebecca Allan to help expand on its work with Aldi and Co-op.
In April, Fullers Foods was named among the Yorkshire businesses to feature in the Sunday Times BDO Profit Track 100 league table, which ranks Britain’s private companies with the fastest-growing profits.
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