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Executive chairman Audrey Baxter, 56, is the fourth generation of her family to lead this Scottish food business, founded in 1868. Baxters has manufacturing sites in five locations worldwide, producing soups, canned meat, chutneys and condiments that are sold in more than 30 countries. In 2014, the company acquired US military ration maker Wornick for £87m, which helped it grow sales 30% to an annualised £293.8m in 2016, amid difficult trading in its UK and Canadian markets.

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Company details
ActivityFood producer
LocationMoray Firth
Sales £m†293.8
Operating profit £m†17.6
Main shareholdersAudrey Baxter (38%), Andrew Baxter (25%), Baxter family trust (18%), Catherine Baxter (18%), James Baxter (1%)

If applicable:

* supplied by company   † annualised figure   ‡  profit = ebitda