19 (21) Frozen Value

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.