Phoenix Group turnover up 70% in 12 months
Phoenix Group has reported a 70% increase in turnover year-on-year for the 12 months to August 31st, driven by significant growth in its contract filling business.
The firm turned over £1.72 million during its 2014/15 financial year, up from £1.014 million the year before; it also increased its output by 99% per cent compared to the previous year.
Eight years after it was founded, Phoenix Group assembled, filled and packed 2.77 million retail products in the 2014-15 year until August 31st across its three Nottinghamshire sites.
Phoenix is also the UK’s largest producer of cold pressed seed oils and pressed almost 4820 tonnes of rapeseed in the 2014-15 year until August 31st, an increase of 130% increase on the the 2013-2014 figure of 2080 tonnes.
Ben Guy, MD for Phoenix Group, said: “This year’s figures are a sign of just how far we’ve come as a business to date with another exceptionally strong year. We originally forecasted 50 per cent growth last year so to beat that by more than £200,000 is a great achievement for us all.
“We’ve done it by focusing on the strengths that set us apart from our competitors. We work as partners with our customers, increasingly offering full ‘end-to-end’ supply chain management, and drawing on our expertise to make their whole production process smoother and more efficient.
“We’ve also changed the services we offer to suit the changing needs of our customers, moving into specialist high care manufacturing, growing our contract filling business and investing more than a quarter of a million pounds in state-of-the art machinery and infrastructure last year alone.”
These latest growth figures cover a year when Phoenix won new contract work from global brands like Vita Coco and up-and-coming SMEs like Moonshine Drinks.
It follows Phoenix’s recent expansion into a second production facility and comes as its senior management team is expected to grow from five to seven by the end of 2015.
Phoenix Group was formed in 2007 by Hammond Produce, a £15 million farming business based in Nottinghamshire. By 2010 it had become the UK’s largest cold pressed seed oil producer. The 26,000 sq ft factory now contains two bottling systems capable of handling 15 million bottles a year combined.
