Download our latest Annual Report - Bakkavor

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assets
Our commitment to
continuous improvement
means we are focused on
making the right investments,
implementing the right
processes and recruiting and
developing the right people to
ensure that we make quality
products as efficiently and
effectively as possible in a
safe environment.
cash
We maintain a strong focus
on cash generation through
effective working capital
management and reviews
of capital expenditure plans.
We work closely with both
customers and suppliers to
ensure our delivery and
supply chain is as efficient
as possible.
re-investment
Our capital expenditure
programme is highly selective
and we expect to meet our
targeted returns on investment
for all projects. We are focused
on maintaining investment
levels in the business whilst
also reducing leverage and
debt to strengthen our
capital structure.
£32.4m
CAPITAL
EXPENDITURE
£563.9m
NET DEBT
100%
(£27.5M
IN 2012
reduction
on 2011)
CASH RE-INVESTMENT
IN Chinese BUSINESS
One of our major capital projects in
2012 was a new state-of-the-art frying
facility in the UK. This investment has
improved product quality and efficiency,
strengthened our core frying capabilities
and is one of our centres of excellence
within the Group.
£23.5m
Free cash
flow
(£2.9m improvement
on 2011)
Re-invested all cash generated in
the Chinese operation back into the
business and built a new factory to
meet customer demand.
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