NFT has signed its largest fresh produce contract since opening its flagship facility at Tilbury. The contract is a four-way collaboration between a range of growers, importers, specialised reefer operator Sea Trade, the Port of Tilbury and NFT. The deal will see 5,000 pallets of produce arriving weekly compromising 50% bananas and 50% pineapples. The supply chain begins in Costa Rica, with the goods travelling 4816 nautical miles direct from Puerto Limon to Tilbury riverside in two weeks. The co-ordinated […]
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 […]
NFT Distribution reported profit up but turnover down in its first trading year under the ownership of private equity backer EmergeVest.
NFT has revealed more details in regards its plan to venture south and open a substantial new facility, in its bid to take a larger slice of the UK’s £38bn imported food market.