Tesco and Waitrose veg supplier Emmett UK has bucked the recession to post a more than seven-fold rise in pre-tax profits.

Turnover fell 20.6% but pre-tax profits rose 664.4% from £59,000 to £451,000 [52w/e 27 February], ­according to its latest ­accounts. The directors said they had made major changes to operational scale and overheads, with the closure of five sites.