Fultons Foods sees sales rise

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Barnsley-based frozen food and grocery chain Fultons Foods has reported a third consecutive year of sales growth with turnover hitting £66m.

In the 12 months to January 31 turnover rose 3.8 per cent on the £64m reported a year earlier.

Pre-tax profits dipped slightly from £3.5m to £3.4m.

Fultons spent £1.4m on new stores and locations and had 104 at the year end, compared to 98 in 2013.

The company was established more than 50 years ago by sole trader Jack Fulton.

Fultons is owned by managing director Kevin Gunter and finance director Karen Rees and backed by Yorkshire Bank. They bought out private equity firm 3i’s share in Frozen Value, the company behind Fultons, in March 2011. It had 978 staff at the end of its financial year, up from 952 in 2013.

Writing in the annual report, Rees said “As for many companies of our size, the business environment in which we operate continues to prove challenging.”

But she added the retailer would “show flexibility and respond to conditions.”