Frozen foods giant cooks up revenues of more than £450m

Frozen foods group McCain has seen revenues and profits rise just weeks after it announced a £100m investment in its Scarborough factory.

Pre-tax profits increased to £63.8m for the year to June 2016, from £58.3m the year before.

It said that despite a late potato harvest due to adverse weather conditions earlier in the year, and continuing competition pressure from European producers, sales volumes increased.

Revenues at the group, which employs 1,274 people across its operations, were up by more than £12m to £452.3m.

McCain GB gave out £50m in dividends for the year, down from £55m the year before. No final dividend has been proposed.

The company’s proposal to develop the exterior of the facility is currently at the pre-planning stage, with full plans to be submitted for consultation in the coming weeks.

As part of the plans, McCain is looking to invest in more machinery and renewable technology.