NFT Distribution recorded its highest-ever annual turnover in the year to March 2017, with a more than 27% increase to £202m.

It also essentially halved its pre-tax loss, which was £9.5m (2016: £18.3m).

NFT chief financial officer Jay Edwards said the integration of NR Evans - purchased in 2016 - had broadened its offer and led to a recent deal outside its traditional grocery market.

A three-year renewal with Asda and the recent achievement of Aldi preferred platform status will “see a step change” in the business this year, said Edwards.