Lincolnshire's Manor Fresh, a supplier to Marks & Spencer, has seen its turnover exceed £70m in the latest financial cycle, as disclosed in recent documents. The company, a merger product of DGM Growers and GeestQV in 2006, operates under the umbrella of Fresca Group Ltd, marking a notable presence in the UK's fresh produce landscape.
The fiscal year ending 27 April 2024 witnessed Manor Fresh's turnover reaching £75.9m, up from £67.8m the previous year. This growth is attributed to enhanced sales in physical stores and through online partnerships, alongside the impact of inflationary costs. Despite an uptick in turnover, pre-tax profits saw a decrease to £572,429 from £692,267, influenced by inflation and adverse weather conditions affecting the potato crop, with some produce remaining unharvested.
The strategic report from Manor Fresh highlights the adverse effects of rising input costs on production, including labor, fertilizer, and energy. The company is committed to addressing these challenges without compromising quality or service. With a focus on strengthening its partnership with Marks & Spencer and leveraging demand for fresh produce, Manor Fresh is dedicated to innovation in farming and packing processes to maintain its market position.
Through monitoring market trends and utilizing the Fresca Group network, Manor Fresh aims to continue its growth and uphold its status as a key player in the fresh produce sector.
Source: FPC