Chairman Eric Herd, 60, inherited Farmfoods from his father, who started the company as a meat distributor in Aberdeen in 1955. From its headquarters near Glasgow, Eric has built the firm into a 300-strong network of frozen-food stores with more than 4,300 staff, and plans to open more shops in the south of England. In 2015 turnover fell by 13% to £694m, despite a 7% growth in profits to £28m.

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Company details
Year2017
Rank90
CompanyFarmfoods
ActivityFrozen food retailer
LocationBirmingham/Glasgow
Sales £m694
Profit £m28
Year endDec 15
Principal shareholdersEric Herd and family (100%)
Staff4,320
Founded1954
Websitewww.farmfoods.co.uk

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* Supplied by company † Annualised figure