Exotics-focused fresh produce wholesaler Sunnyfield Veg suffered a slight drop in profit in the most recent financial year.
According to accounts posted on Companies House, the New Spitalfields Market business saw its pre-tax profit slip from £1.22 million to £1.07m in the year ending 31 January 2014.
The business’ turnover, though, witnessed an increase - rising from £15.9m in 2012-13, to £17m in the most recent financial year.
Sunnyfield Veg, the primary business activities of which relate to the wholesale distribution of fruit and vegetables mostly imported from Asia, and which employed 25 members of staff in the period the data covers, is owned by Ronny Liu, who also owns New Spitalfields Market stablemate Cook’s Delights.
Of the results, Liu said: “The results for the year and the financial position at the year end were considered satisfactory by the directors, who expect growth in the foreseeable future.”
The fall in profit from the previous year, meanwhile, was attributed to an “exceptional write-down of an investment”.
Towards the end of the financial year, Tao Sun joined Sunnyfield Veg as project manager.
Liu said the appointment – in a newly-created position – of Sun, who graduated from Beijing Technology and Business University with a first-class honours degree, follows the “steady growth” of thebusiness.
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