Poultry producer flying high in the local and global meat market sectors
Moy Park is a large international organisation with 15 sites across the UK and Ireland, and subsidiaries in Holland and France. The main activities of this Craigavon-based group are in locally farmed poultry and poultry processing. The Moy Park group also produces and sells a range of complementary convenience food products and brands.
Moy Park is a wholly-owned subsidiary of the large Brazilian company, Marfrig, which has an even wider range of commercial interests in meat and meat products. The parent group also has interests in supplying from Brazil to western Europe.
Moy Park is one of the largest locally controlled private sector employers, with an average of 8,449 employees in 2012. This is slightly lower than the 8,623 employed in 2011. A large number of these employees is located outside Northern Ireland. Moy Park also employs a number of agency employees which, in 2012, took the head count of employment to 10,914 people.
In April 2013, the company achieved bronze status in the Corporate Responsibility Index, assessed by Business in the Community, and was named by the Meat and Poultry Processing Awards for 'environmental initiative of the year 2013.'
Turnover has enjoyed annual increases, year by year, in the last six years. Group turnover in 2012 rose by 2% and, for the second year in succession, exceeded £1bn.
With the consolidation of O'Kane Poultry into Moy Park in 2010, Moy Park is the biggest poultry sector complex in Northern Ireland. The group is now the main interested supply party in the continuing dilemma on the processing of chicken litter.
Operating profits earned by the company have fluctuated in the last three years. Results in 2011 were much less buoyant than in 2010. However, in 2012, operating profits recovered significantly, although they were still lower than in 2010. After allowance for net interest payments of £2.2m in 2012, pre-tax profits also recovered compared to 2011.
The balance sheet value of shareholders' funds at the end of 2012 was £164.6m, 13% higher than at the end of 2011. This is the result of retaining post-tax profits of £18.8m within the company.