TSC Foods Group, producer of Glorious! soups, saw a 36% boost to pre-tax profit in the year before it was bought by Lancashire food maker The Billington Group.
Companies House figures reveal that for the year to December 21 2013, the company reported pre-tax profit up 36% from £2.3m to £3.2m on turnover that rose 2.3% to £45.2m.
Matthew Wood, TSC FD, said in the accounts the directors were “pleased” with the performance and “remain confident that 2014 will see the company further enhance its performance levels and strengthen its position.”
Wood said the Glorious! brand continued to strengthen and it remained a key objective to grow it even further.
Scunthorpe-based TSC also planned to spend at least £2.5m this year on increasing production capacity.
TSC was bought by Billington for an undisclosed sum at the end of January, with Billington chief executive Gary Blake calling it “a perfect fit for our strategic vision to become the market leader in the foodservice sector.”