EFB Holdings, the parent company of European Food Brokers and Oddbins, has reported a double-digit hike in full-year profits.
The media-shy company, which bought 37 Oddbins stores in April 2011 but failed in a bid to acquire Rhythm & Booze in 2012, reported an 11.2% increase in profits to £12m on sales up 8.8% to £122.8m in the year to 31 January 2011, according to accounts filed at Companies House.
Writing in the accounts, EFB said: “While the directors consider that the current economic environment remains challenging, they believe the group is well positioned to take advantage of any new opportunities. They are also confident the group is financially strong and will continue to be profitable for the forthcoming financial year.”
The accounts also reveal that EFB Holdings is “seeking to expand into the leisure industry” after acquiring the trade and assets of three bar and restaurant operators since the year-end.
Separate accounts for its EFB Retail business show sales fell 12.9% to £3.6m on profits down 88% to £58,413 in the year to 31 January 2012.