United Biscuits has posted a healthy revenue increase in its latest accounts, ahead of the potential sale of its snacks business.
Revenue grew by 5.2% to £1.3bn, while business profit declined slightly to £229.2m, according to the latest documents filed at Companies House.
The firm said it had grown sales for the seventh consecutive years, while also expanding its international presence.
A suitable buyer is currently being sought for United Biscuits’ snacks business, recently renamed KP Snacks, with a number of parties rumoured to be interested.
These are believed to include Chinese beverage business Wahaha and Kellogg’s, however a spokesperson for United Biscuits said it could not confirm the names of the business that had been approached as part of the move, but said the firm was currently in the process of finding a suitable buyer.