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Welcome to our Annual Report
and Accounts for 2016

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.
Group Revenue
£319.7m
24.8%
Gross Profit
£102.6m
30%
Profit before Tax
£16.0m
40.8%
Net Debt
£19.7m
7.0%
Final Dividend
£2.80p
12%
Capital Investment
£12.1m
65%
EPS
£9.5p
19%
Chairman's Stagement
From stepping stones
to strong foundations
Chief Executive's Report
From substantial investment
to significant growth
Strategic Report
From innovative products
to growing sectors

"The emphasis and investment put
into innovation, helped by new
facilities and driven by talented
NPD teams, has really delivered
for the Group and is an excellent
platform for the future."

Peter Baker
Non-Executive Chairman
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"We have demonstrated our ability
to grow organically as well as by
acquisition, which is important for
the journey ahead."

John Duffy
Chief Executive Officer
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Our strategic objective is to
create sustainable value for our
shareholders, customers and other
stakeholders by building a UK wide
speciality bakery group.

We will produce a broad range of
high quality products, targeted
at growing channels and market
niches, which deliver growth
and differentiation for our major
customers whilst fulfilling the
needs of end consumers.

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