Chilled food distribution specialist NFT has seen its turnover and pre-tax profit rise at the same time as signing a five-year refinancing package with HSBC. Turnover increased by 8% to £152.4m for the year-ending 31 March, from £140.9m a year ago. Pre-tax profit rose 60% from £1.4m to £2.2m. Its shared user transport network delivered an average of 39,000 pallets a week of food and general merchandise in the financial year, an increase of 40% year-on-year. A contract with an […]
French yoghurt manufacturer Yoplait has extended its contract with chilled food and drink specialist NFT for a further three years. The contract involves NFT storing up to 500,000 cases a week at its Daventry depot, repacking products to meet UK requirements, and delivering to all the major UK retailers nationwide. This is in addition to a number of local convenience stores. It also involves the provision of order progress information via NFT’s customer portal. Flore Belbis, Yoplait logistics director, said […]
NFT Distribution reported profit up but turnover down in its first trading year under the ownership of private equity backer EmergeVest.