A number of bakery and food manufacturing firms have been included in The Sunday Times’ Profit Track 100 list.
The league table has positioned Noble Foods, based in Tring, Hertfordshire, as part of its top 100 British private firms with the fastest-growing profits, based on the last three years of available accounts.
The egg product manufacturer has reported profit growth of 66% per annum, with its latest profits totalling £27m and a base profit of £5.9m. Fullers Foods, the Leeds-based frozen food specialist, came 71st in the list, with £7.8m worth of profits and a 52% annual increase in profit growth.
Midlands-based bakery chain Patisserie Valerie has come in at 79 and the second time the company has been featured on the list. It reported a 48% rise in profit growth per annum and its latest profits accumulated to £5.6m.
Paul May, chief executive officer, Patisserie Valerie, said: “This is a fantastic period of growth for us as a company, and for this continued success to be recognised on a national level is another great achievement for us.
“I believe our individual success is down to organic openings and acquisitions for the national roll-out of the Patisserie Valerie brand across the UK. To be the only company of our kind on the list is a true testament to the hard work that goes in across the board to make the chain a success.”
Businesses included on The Sunday Times list typically employ between 100 and 1,000 employees, have an average three-year profit growth ranging from 40% to 210% per annum, and profits between £3m and £35m.