Freshcut Foods

Freshcut Foods

© Freshcut Foods
Company News

Plant-Based Ingredients Supplier Freshcut Foods Reports Strong Performance With £42.4M Turnover

Freshcut Foods, a UK supplier of plant-based ingredients, has reported strong financial results for the year ending in July 2023. The company’s profit and loss account shows a turnover of over £42.4 million, up from £35.4 million the previous year. However, pre-tax profits were down from £709,567 to £179,270. Freshcut Foods aims to “make veg the hero”, supplying fresh vegetables to global food service brands, chilled food manufacturers, and recipe box operators. The company is catering to the growing trend towards flexitarianism in the UK, with a report published last year finding that the country’s plant-based food market is growing at a rate of 9.58%. Freshcut Foods recently announced on LinkedIn that it had led a Plant Forward Cuisine session for major supermarket chain Tesco, …

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Freshcut Foods

© Freshcut Foods
Investments & Acquisitions

Plant-Based Ingredients Producer Freshcut Foods Secures New Ownership

Freshcut Foods, a plant-based ingredients producer based in Nottingham, UK, has secured new ownership after investment company Flywheel Partners acquired a majority stake. Freshcut Foods aims to “turn vegetables into irresistible, exciting, and inspired ingredients”, catering to flexitarian consumers by developing plant-centred solutions. The company supplies over 40 major food service brands, recipe kit producers, and manufacturers. The new deal sees Flywheel partner with Freshcut Foods’ management team, who are reported to have increased their stake in the business. Private equity firm Perwyn previously owned a majority stake in the ingredients supplier, but has now exited. The news comes after Freshcut Foods recorded a £10 million spike in turnover in the year ending in July 2022, following its recovery from the pandemic. Pre-tax profits were …

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