Faccenda boosts top line despite tough conditions

By Alice Foster

- Last updated on GMT

Faccenda supplies fresh and frozen poultry to retail, foodservice and wholesale customers.
Faccenda supplies fresh and frozen poultry to retail, foodservice and wholesale customers.

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Faccenda Foods has managed to increase its total revenue despite fierce competition in the UK retail sector, export restrictions and currency fluctuations.

The poultry processor achieved year-on-year top line growth of 2% to £532M, amid deflationary pressures, and operational profits held up at £11.7M in the year to April 2015. 

Faccenda md Andy Dawkins said the firm had grown the business by developing its facilities and by strategic acquisition, while also delivering “strong results”. ​  

“It’s no secret this is a tough trading environment, driven by export restrictions, currency fluctuations and fierce competition in the UK retail sector, and our results reflect this​,” Dawkins said. 

‘Tough conditions’​ 

“In tough conditions we’ve returned a strong set of results, maintained a strong balance sheet and established a strong position over the long-term.” 

Faccenda opened a new portioning factory in Telford last year and acquired duck processor Cherry Valley Foods​ in a bid to expand its poultry range in 2014. 

Dawkins said the newly opened convenience food factory would help to build on the growth of its convenience food business. 

“This has been a new and expanding market for us in recent years and we are delighted that it continues to go from strength to strength,” ​he added. 

Strategy remains ‘unchanged’​ 

The md said that the firm’s strategy remained “unchanged”​ and it would continue to invest across its supply chain, agriculture, enrichment, facility development and food safety. 

The introduction of the national living wage was not expected to have an immediate cost impact on the business, while combating campylobacter remained a high priority. 

“Our investment in Sonosteam and other interventions throughout our supply chain have significantly reduced campylobacter levels and we continue to look for ways to continue this momentum,”​ he said.  

Faccenda supplies fresh and frozen poultry to retail, foodservice and wholesale customers.

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