The UK’s largest producer of cold pressed seed oils Phoenix Speciality Oils has reported a 35% increase in output year-on-year during the 12 months to October and is predicting the growth will continue during 2015.
The Nottinghamshire-based firm, which supplies 1.2 million litres of food oils a year to the UK’s major food retailers, saw its turnover rise by 15% over the same period. It is now predicting a further 50% growth in turnover for the next year thanks to new contracts to supply multiple retailers nationwide.
Seven years after it was established, the company is now pressing more than 8,000 tonnes of British grown rapeseed annually at its custom-built seed pressing facilities in order to meet growing customer demand.
Ben Guy, managing director of Phoenix, says: “Last year’s figures represent a period of impressive growth for the business. Everyone involved has played their part and as a result we’ve been able to announce our strongest year-on-year growth yet.
“The numbers come as no surprise to us – we know by talking to shoppers that they want more cold pressed food oils for their weekly shops that are healthier and more environmentally friendly than the alternatives.
“That’s why we’re continuing to invest in new equipment to give us additional capacity and expanding our management team in readiness for this growth.
“We’re now focused on becoming the complete ‘end-to-end’ supplier for our customers, from seed to shelf, while delivering even bigger volumes to help them meet demand.”