Future 50 List
Mark Fiddy
Poultex

If 2011 ends as it is expected to and projections prove correct, 2011 will have been a hugely successful year for Poultex, an international meat and poultry trading company.

The business surpassed its entire 2010 turnover figure during October and looks set to increase its 2010 turnover of £8.6m to a 2011 turnover of £12.5m.

Staff numbers for the same periods are up to 14 from 10.

With a current growth rate of 45pc and no bank overdraft or borrowings, the business has clearly enjoyed an excellent year.

Managing director Mark Fiddy said a focus on increasing profit margins and the reinvestment of cash underpinned Poultex's ability to sustain high levels of growth.

The business opened an office in Brazil in January and saw a growth in the red meats sector of business from the acquisition of well-known brand names of a longstanding UK business, Jeffrey Davies and Davies Ltd, in September.

A Poultex office is now open in Kent with a team of key people concentrating on relaunching the Jeffrey Davies & Davies brands back into the UK and specific export markets.

Poultex has also appointed a new business development executive, who is a UK fresh poultry specialist with 20 years industry experience, to strengthen the existing team in Norwich.

Other activities' have been developing target markets and closing non–performing offices in Belgium and Florida.

Location: Norwich
Sector: Food and Drink
Turnover: £12.5m
Staff: 14
Website: www.poultex.com
a focus on increasing profit margins and the reinvestment of cash underpinned Poultex's ability to sustain high levels of growth
quotes