FROZEN food distributor Harry Yearsley has nearly doubled profits following a significant acquisition.

The group, based in Heywood, Lancashire, saw pre-tax profits grow from £1.8m to £3.4m in the year to March 28. Turnover jumped by £32m to £141.5m.

The growth follows Yearsley's decision to buy the frozen food part of Nottingham-based Innovate Logistics from administrators. It also increased its stake in the share capital of Bury property business Belfield Hall Developments from 20% to 67.4%. ......for the full story register now for free or login below...