Farmer Portal

Nov 2013

Meadow Foods Finance Director is Cream of the Crop

Damian McDonald of Meadow Foods has won the title of ‘Chester’s Financial Director of the Year’ at the prestigious Finance Director Awards 2013.  The awards were established to recognise and celebrate the outstanding work and achievements of the region’s Financial Directors.

 

Damian was praised for the work he has done in helping the Meadow Foods business grow and in analysing M&A targets.  Last year Meadow Foods reported a 13% increase in turnover (to £340.9m), an operating profit of £9.51m (+4.97%) and £2.6m programme of capital investments.  Damian was also an integral part of Meadow Foods team that acquired Nene Valley Foods and West Lakes Dairy Park.

 

The inaugural year of the awards culminated in a gala ceremony at Liverpool’s Crowne Plaza Hotel and celebrated the achievements of leading individuals and businesses within the Chester, Liverpool City, North Wales & Warrington regions.

 

Simon Massey, the creator of the FD Awards and MD of Accountable Recruitment, comments, “I’m very passionate about our local business regions and have the pleasure of working with so many talented FD’s within the area.  I really appreciate and understand what remarkable jobs they do year in year out and felt it was about time they received some well earned recognition.”

 

Damian McDonald, Finance Director, Meadow Foods adds:  “It’s been another great year here at Meadow Foods and I am delighted to have been recognised in this way.  I must however stress that I have a great team who have helped make this possible and we remain determined to continue to build on our strong performance in the months and years ahead.”

 

Meadow Foods is the UK’s largest independently owned dairy group and leading supplier of milk based dairy ingredients to the food industry. Operating from factories in Chester, Peterborough and Holme-on-Spalding Moor, the company’s products include Cream, Butter, Sweetened Condensed Milk, Anhydrous Milk Fat, Chocolate Crumb and Cultured Products. The company, founded in 1992, now employs more than 250 people and has a turnover in excess of £350m.