Strong appetite for Authentic Food

THE Authentic Food Company, the manufacturer of and frozen Indian, Chinese and other international foods, to the foodservice and retail industry, has recorded a healthy rise in sales and earnings.

According to newly-filed accounts for the 12 months to May 31, turnover was up 10% to £39.6m, while pre-tax profits were up 15% to £2.38m.

The directors put this growth down to new product lines.

In their report they said: “Turnover has risen due to continued growth in new customers and the introduction of new product ranges into existing customers.

“This has resulted in higher profit this year. The group continues to develop the customer base and expects to continue this development in the coming year.”

Nearly all the group’s sales came from the UK, but revenue from the European Union rose by 65% to £263,224.

The business had 227 staff during the period. Authentic has bank loans of £3.6m, up from £2.8m, last year, and the dividend was £250,000, up from £100,000.