Top Track 100

Ready meals, pizzas, salads and soups are among the 6,000 fresh food products on the menu at Bakkavor. It was founded in Iceland in 1986 by Lydur, 45, and Agust Gudmundsson, 48. The brothers built the group through acquisitions and it now employs more than 15,000 in the UK. Loans from the collapsed Kaupthing bank helped to fund the growth strategy. After a £400m debt restructuring in 2012, Bakkavor moved its HQ to London and sold its French and Spanish divisions. Revenues were £1.7bn in 2012.

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Company details
Year2013
Rank27
CompanyBakkavor
ActivityPrepared food producer
LocationCentral London
Sales £m1,694
Profit £m115
Year endDec 12
Principal shareholdersGudmundsson brothers (39%), Arion Bank (26%), Icelandic institutions (34%)
Staff19,385
Founded1986
Websitewww.bakkavor.com

If applicable:

* Supplied by company † Annualised figure **Estimated