In the recently published Sunday Times Profit Track 100 list, Muntons – the Stowmarket based malt and malted ingredient manufacturer – were placed in sixth position, the highest placed company in the East Anglian region.
The Sunday Times BDO Profit Track 100 league table ranks Britain’s 100 private companies with the fastest-growing profits over their latest three years, is compiled by Fast Track and published as a supplement in The Sunday Times in April each year.
Alan Ridealgh, Muntons Managing Director, on hearing of the placement, commented: “It is gratifying to see such prestigious recognition of the results of our work. Much of our success comes from our environmentally conscientious approach to business and follows from our investments in initiatives designed to ensure the sustainability of our company.” He continued: “Muntons are a little unique. We are a family owned UK manufacturer. One that uses locally grown malting barley from which we make malt and malted ingredients and subsequently export to 76 countries around the globe.”
Muntons have a clear sustainability strategy which they believe has helped to contribute towards their profit growth success: ‘Invest green savings in green initiatives and continue to look to mitigate risk in the most environmentally and cost effective way possible. Production will increase but our relative carbon footprint must decrease. Projects promoting sustainability and efficiency that have a payback better than three years are prioritised and fast tracked for capital investment.’
Of the 100 companies making the list, only 14% were in the manufacturing sector and Muntons were placed amongst the top two.