January 16th, 2017
Brackley, UK – Faccenda Foods, one of the UK’s leading food companies, has filed annual results for the 2016 financial year that reflect a continuation of the previous year’s tough trading environment. While top line growth was broadly flat, from £526m to £523 million, operating profit reflected continued price deflation, at £7.7 million.
Despite the challenging market Faccenda has continued to invest throughout its supply chain, including new fresh despatch facilities in Brackley, a programme of biomass fuelled heating across its farming estate and continued investment in food safety, with a particular focus on tackling Campylobacter.
Reflecting on the results, Faccenda Foods’ Managing Director Andy Dawkins said, “I don’t think it’s been an easy year for anyone in the industry. Export and wholesale prices are at historic lows, the market is as competitive as it has ever been, and these, combined with higher feed and fuel prices due to currency fluctuations, have unsurprisingly put pressure on our margins.”
However, Dawkins was clear that despite the challenging competitive environment Faccenda had continued to invest strongly in its food businesses. “Competing in this market requires investment for the long term so that your supply chain is efficient, sustainable and fit for the future. This has been our approach when making investment decisions.”
He concluded “It’s been a tough year but we’ve held up well. Our balance sheet remains strong and we are well positioned in growth markets. Regardless of the prevailing economic conditions some simple rules hold true: focus on your people, focus on your customers and focus on the long term. We’ll continue to do this and in the year ahead.”
Congratulations to two Faccenda colleagues who won at the prestigious British Poultry Council Awards, which recognise the achievements of those within the poultry industry. Our Technical Director, David Keeble was presented with a Distinguished Service award, while Farm Manager Sean Harrison was named the BPC/Zoetis Trainee of the Year.David has been instrumental in both our work to combat Campylobacter and also at an industry level supporting, the BPC and the Acting on Campylobacter…READ MORE
In April this year we published our modern slavery statement and policy ahead of the required date so that we could take action and strengthen this vital component of our ethical supply chain. This update outlines the progress we have made in the subsequent six months to minimise the likelihood of unacceptable labour practices occurring in our business or our supply base.READ MORE