Fairway members increase collective turnover by 13% to smash £600m barrier

Fairway Foodservice’s members have increased their collective turnover by 13%, generating £626m for the year-end 2015, according to the buying group’s latest results.

The Huddersfield-based group’s 17 members had a collective turnover of £556m for 2014. Chris Binge, chief executive of Fairway Foodservice, said: “We are delighted for our members. Their hard work and focus on service has been well rewarded over the last three years. The market has been buoyant, diesel fuel has been stable and we have had a deflationary food environment. And we, of course, continue to work hard to support them in their endeavours too.

“We can see a few ‘head winds’ on the horizon, including diesel fuel cost increases, shortage of HGV drivers and food commodity price increases, so it may be difficult to achieve organic growth of similar levels this year but current trading is still very good.

“At our bi-annual Meet the Members event [pictured above], which provides our members with an opportunity to meet with some of our top suppliers, there was a thoroughly positive attitude and atmosphere with high hopes for 2016 and beyond.

“The increased top line is also reflected in the bottom line. Our members work really hard to deliver a great service to customers and our ‘umbrella’ of buying, marketing and technical services helps their businesses grow profitably.

“We support their independence and regionality, and provide them with common needs and services. It also reflects very well on our suppliers who work with us and share in our continuing growth, and I genuinely thank them for all the support they give to our members and us.

“It’s a fantastic achievement to smash through the £600m barrier.”

 

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