After its sales leapt by more than a quarter in 2019, Fruit importer Compagnie Fruitiere has set its sights on expansion in the UK. The French firm’s British division, which principally supplies bananas to at least two major retailers, posted a 27.6% sales increase for the year ending 31 December 2019.
The accounts stated this increase was attributable to its “focus in providing a complete service to customers” and added that upped demand meant the firm was “operating closer to full capacity”.
Last year, Compagnie Fruitiere UK commercial director Simon Trewin told thegrocer.co.uk that banana supply chains had become more efficient thanks to greater containerisation and a “move to packing at source”.
In light of this, Compagnie Fruitiere UK’s pre-tax profits rose significantly from £295,000 in 2018 to £1.2 million last year.
Reflecting on the accounts this week, Trewin stated that the accounts displayed ”satisfactory progress in very competitive trading conditions”.
To cope with increased demand, Compagnie Fruitiere has invested in a new ripening and storage facility at the London Gateway port area in Essex, which will replace its existing facility in Dartford.