Bokomo Foods Named Ones To Watch As New League Table Of The UK's Largest Foreign Employers Is Revealed
Leading UK manufacturer of breakfast cereals, Bokomo Foods, has been named the ‘ones to recognise’ following the release of the inaugural Sunday Times PA Consulting Inward Investment Fast Track 50. This list, which reveals the largest 50 foreign employers in the UK was published this weekend and ranks overseas-headquartered multinationals by their UK staff number to shine a light on this important part of the economy.
Bokomo, which is part of Pioneer Foods, a South African food and drinks maker listed in Johannesburg has been given the ‘ones to recognise’ accolade after a hugely successful year for the business.
With more than 11,000 staff and a turnover of £1.17bn, the UK division, which has its headquarters in Wellingborough and Peterborough, now makes more than 10 million bowls of cereal per week for all the major supermarket chains. It is one of only three companies worldwide that makes wheat biscuits, the best known of which in the UK is Weetabix.
John Hiles, CEO of Bokomo Foods said: “Bokomo Foods has great relationships with all the big supermarket chains which has inevitably helped our revenue increase to £34m in 2013, up from £28.8m the previous year.
We are investing in our staff to ensure production is as efficient as possible to keep pace in the supply market, which we are confident will help us to continue to grow. Our goal is to make the official ranking next year in the Sunday Times PA Consulting Inward Investment Fast Track 50.”
The Inward Investment Track 50 is sponsored by PA Consulting Group and supported by UK Trade & Investment. It is compiled by Fast Track, the Oxford-based research and networking events company.
Colm Reilly, who leads PA Consulting Group’s economic development unit and is managing director of UKTI’s investment services said: “These are exciting times for UK inward investment and companies operating in the East of England show what can be achieved. Britain is making good progress, but there is more to be done. Companies must learn to focus on developing technology that can help a variety of sectors, rather than serving the industries they have typically worked with.”
For further information about Bokomo Foods, visit www.bokomo.co.uk.