High-care food manufacturer and contract packer, Phoenix Group has reported a 70% increase in turnover year-on-year for the 12 months to August 3, driven by significant growth in its contract filling business.
The Nottinghamshire-based firm turned over £1.72m during its 2014/15 financial year, up from £1.014m the year before; it also increased its output by 99% over the same time period.
As a leading supplier of contracted packing services and speciality high-care manufacturing to the UK food industry, Phoenix Group assembled, filled and packed 2.77m retail products in the past financial year across its three Nottinghamshire sites.
Phoenix is also the UK’s largest producer of cold pressed seed oils and pressed almost 4820 tonnes of rapeseed, an increase of 130% on the the 2013/14 figure of 2,080 tonnes.
The firm’s managing director, Ben Guy commented: “This year’s figures are a sign of just how far we’ve come as a business to date with another exceptionally strong year.
“We originally forecasted 50% growth last year, so to beat that by more than £200,000 is a great achievement for us all.
Guy continued: “We’ve done it by focusing on the strengths that set us apart from our competitors.
“We work as partners with our customers, increasingly offering full ‘end-to-end’ supply chain management in addition to packaging and high-care manufacturing services, and drawing on our expertise to make their whole production process smoother and more efficient.
“We’ve also changed the services we offer to suit the changing needs of our customers, moving into specialist high care manufacturing, growing our contract filling business and investing more than £250,000 pounds in state-of-the art machinery and infrastructure last year alone.”
These latest growth figures cover a year when Phoenix won new contract work from global brands like Vita Coco, and up-and-coming SMEs like Moonshine Drinks.
It follows Phoenix’s recent expansion into a second production facility and comes as its senior management team is expected to grow from five to seven by the end of 2015.