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Bokomo Foods named ones to watch as new league table of UK’s largest foreign employers is revealed


 
 
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PRLog - Jun. 10, 2014 - 10 June 2014: Leading UK manufacturer of breakfast cereals, Bokomo Foods (http://www.bokomo.co.uk/), 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 (http://www.bokomo.co.uk/about/meet-the-team), 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

Press contacts:

For further about Bokomo Foods, imagery, and interviews, contact:

KISS Public Relations / Rachel Stevenson / Senior Account Manager / E: Rachel@kisscom.co.uk / T: 01223 967 432 / M: 07949 843 916

For further information about The Sunday Times PA Consulting Inward Invesment Track 50 league table, contact:

Fast Track / Claire Wheeler / Senior Research Manager / E: claire.wheeler@fasttrack.co.uk T: 01865 297 006

Notes to editors:

About Bokomo Foods

Bokomo is a leading UK manufacturer of breakfast cereals.

Its is a British company, although part of Pioneer Foods, a South African food and drinks maker listed in Johannesburg, with more than 11,000 staff and a turnover of £1.17bn. Its UK business makes cereal for all the major supermarket chains, including Marks & Spencer, Tesco, Sainsbury and Asda.

It is one of only three companies worldwide that makes wheat biscuits, the best known of which in the UK is Weetabix.

With substantial manufacturing plants in Wellingborough and Peterborough, Bokomo has the resources and specialist expertise to offer a uniquely flexible manufacturing and packaging service.

Bokomo is committed to the very highest standards of cleanliness, quality, freshness, customer service, food safety and taste in everything it produces.

About the The Sunday Times PA Consulting Inward Invesment Track 50 league table

Since 1997, Fast Track has identified the UK’s most successful private companies and ranked them in league tables published with The Sunday Times. Its invitation-only dinners create networking opportunities for their founders and directors.

Thanks to the support of its cornerstone sponsors, PA and UK Trade & Investment, Fast Track is now also focusing on public and privately-owned foreign companies employing people in the UK.

League table criteria

The parent company must be trading and, if listed, its primary stock market listing outside the UK. *UK staff is the estimated full time equivalent (FTE) number. It excludes contractors, and also temporary staff as they are typically employed by a third party; franchisee staff are also excluded.

The UK staff number is an estimate as supplied by the featured companies during the research period, January to May 2014. For further information please see our website, inwardinvestmenttrack.co.uk.

Fast Track and its sponsors do not endorse any of the companies.

The national picture

In total, the 50 companies featured employ more than 780,000 UK staff in full-time positions*, a significant proportion of the 3m people employed by the 45,000 overseas-based corporates operating in the UK.

The US and France are the parent countries of the largest number of companies on the league table, hosting

12 global head offices each. They include French energy company GDF Suez, which has 19,000 UK staff, and US conglomerate GE, which has 18,000 UK staff and runs its global healthcare and oil & gas divisions from their offices in Amersham and London.

Multinationals from further afield also feature, include health & beauty retailer Superdrug, which is owned by Hong Kong company AS Watson and employs more than 8,700 people here, and private hospital operator BMI Healthcare, which is owned by South Africa-based Netcare employs 7,800.

Almost half of the 780,000 UK staff work for services sector companies, including German logistics provider DHL, which employs over 43,000 people, and IT consultancy Fujitsu, which has more than 12,000 people here.

Manufacturing companies that feature on the league table employ 110,000 UK staff. They include Italian aerospace and defence firm Finmeccanica, which employs 8,400, and Indian-owned Tata Steel, which employs 18,500 people and is the largest private sector employer in Wales.

Contribution to the UK economy

The UK is one of the top locations in the world for investment by overseas-based corporates and attracted $62bn of new investment in 2012, the highest level in Europe (source: Unctad World Investment Report).

The 45,000 businesses such investment has created employ 3m people, accounting for more than 13% of the country's workforce, and contribute at least 36% of the total turnover in the UK (source: ONS).

In total, the Inward Investment Track 50 companies paid at least £2bn in employers NICs, according to estimates by accountants and business advisers BDO for this research, and the companies collected a further £1.8bn from their employees on behalf of the Treasury.

The full league table is published in a supplement with the business section of The Sunday Times on 8 June, both in print and on the digital edition, and on www.inwardinvestmenttrack.co.uk.


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Source:Bokomo Foods
State/Province:Cambridgeshire - United Kingdom
Industry:Business, Food
Tags:Bokomo Foods, KISS Public Relations, the sunday times, John Hiles
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