Restaurant supplier hails resilience as revenues rise | Midlands Business News
The managing director of a company that provides cooking oil filtration and fryer management services hailed its resilience after increasing revenue in its last fiscal year.
According to a business update for the year to December 31, 2021, record third and fourth quarters helped Filta Group Holdings end the period with revenue of £23.6m, down from £16.4m. sterling in 2020.
The company said this was due to a strong and early recovery in North America, where sales rose 82% year-on-year to a record £14.2 million.
Although the return to normal has been slower in its UK operations, second half revenue increased by 37% compared to the first half, resulting in UK revenue of 8.9 million pounds sterling for a full year, up 10% on the previous period.
Rugby-based Filta added that trading continued to be positive with January 2022 revenue up 62% on the same period last year.
Managing Director Jason Sayers said: “I am delighted with the group’s performance in 2021 despite the ongoing challenges of Covid-19.
“The significant revenue growth, while managing these challenges, is a testament to both the resilience of our business model and the exemplary efforts of the entire Filta team.
“We plan to build on this performance in 2022 and remain confident in our ability to deliver continued growth in the year ahead.”