Chilled food & drink distribution experts
Date Invested
August 2006

At a glance

of chilled food delivered to UK retailers a year
£1 in every £4
consumer spend managed
profit CAGR during our partnership

NFT is the UK market leader in chilled food logistics, ensuring time-critical products from over 350 manufacturers reach retailers’ shelves throughout the country.

Our partnership

Phoenix backed David Frankish, NFT’s Chief Executive, in a complex carve out from Northern Foods plc. During our investment period, we worked with NFT to expand the business’s operational capacity. Together, we focused on using technology to drive greater operational efficiency. Phoenix and NFT also prioritised investment in warehouses and a vehicle fleet, to ensure capacity to support organic growth. Additionally, a complementary asset light freight brokerage service, NFX, was developed In April 2014.

With profit having doubled since the MBO, the business was sold to EmergeVest for over £60 million.

“Phoenix was a strong business partner and delivered on their promises. They knew their stuff and their advice and support proved invaluable for me as we jointly created the environment that underpinned NFT’s success.”

David Frankish, CEO of NFT