Chairman Eric Herd, 59, inherited Farmfoods from his father, who started the company as a meat distributor in Aberdeen in 1955. Headquartered outside Glasgow, it comprises a chain of more than 300 frozen-food stores, with plans to roll out more in the south of England to capitalise on demand from value-conscious consumers. Sales rose by 16% in 2014, to an annualised £796m.

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Company details
ActivityFrozen food retailer
Sales £m†796
Profit £m†26
Year endDec 14
Principal shareholdersEric Herd and family (100%)

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* Supplied by company † Annualised figure