19 (21) Frozen Value
Sales: £64.1m (-3.4%)
Pre-tax profits: £1.7m (-49.3%)
Stores: 107 (+0.9%)
The frozen discounter, trading as Fultons Foods since 1960, struggled through a “challenging” environment and fell victim to “changing consumer spending patterns”. Uncertainty and rising risk levels prompted owner Kevin Gunter to plough £1.3m back into improving business flexibility this year.
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