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Welcome to our Annual Report and Accounts for 2017

Scroll down for a quick summary of this year’s annual report. You can view specific sections or download the full report as a PDF.

Financial Highlights

Group Revenue
£ 314.3 m
Adjusted Operating Profit
£ 17.4 m
Adjusted Profit before Tax
£ 16.6 m
Adjusted EBITDA
£ 24.9 m
Capital Investment
£ 12.5 m
Adjusted EPS
9.8 p
Total Dividend
3.0 p
Net Debt
£ 17.5 m

Achieving growth

The Company has delivered resilient UK sales in a deflationary market, with the impact of UK retail food market de ation in the period offset by the impact of innovation in cake and growth in speciality bakery ranges.

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Chairman's Statement

"We will continue to work hard to run our existing businesses as efficiently and effectively as possible whilst investing for the future..."

Peter Baker Non-Executive Chairman

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our objectives

Chief Executive's Report

"The Group is now one of
the largest speciality bakery groups in the UK with a small but fast growing European business."

John Duffy Chief Executive Officer

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Strategic Report

Achieving differentiation

Our vision is to be a leading speciality bakery group producing a broad range of high quality products targeted at growing channels and market niches and which deliver growth and differentiation for our customers whilst fulfilling the needs of end consumers.

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