Governor of the Bank of England visits apetito

By Nick Batten on 1 March, 2022

Trowbridge-based meals provider to the health and social care sectors, apetito, recently welcomed Andrew Bailey, the Governor of the Bank of England, to its Head Office and production kitchens in Wiltshire. 

Andrew had expressed specific interest in hearing from apetito both from its own and a wider industry perspective as its Chief Executive Officer Paul Freeston, and Chief Commercial Officer Ian Stone, sit as Presidents of the Food and Drink Federation and British Frozen Food Federation, respectively. 

He was particularly interested in understanding current labour market challenges, supply chain and raw material price pressures and the impact upon customer demand. 

Richard Ring, apetito’s Chief Financial Officer, highlighted the successful growth of the company and its critical role in providing food to some of the most vulnerable in society, across healthcare, care homes, schools and nurseries, and to those at home through Wiltshire Farm Foods

He discussed with the Governor the challenge for a business trying to absorb significant supply chain and energy price rises whilst mitigating impacts for customers at a time of such price volatility and uncertainty. 

Also on the agenda was the importance of corporate action to address the challenge of climate change and Director of Corporate Affairs and Policy Lee Sheppard highlighted how apetito is taking an industry-leading position on its approach to Net Zero, by significantly decarbonising across the company’s supply chain. 

Andrew remarked how impressed he was that apetito has been able to combine a fantastically successful business with one that really makes a difference to its customers and consumers. 

Speaking for apetito, Richard said, “apetito is proud of its track record of growth and combining that with a mission to make a real difference to the lives of our customers. 

“Whilst current supply chain pressures are posing real challenges for industry more widely, we remain committed to investing for growth and positioning ourselves as one of the UK’s leading food businesses.” 

As well as proving essential front-line meal services, the company invests heavily in providing world-leading, specialist nutritional meals to customers living with conditions such as swallowing difficulties and dementia. It has won no less than three Queens Awards for Enterprise in categories of Innovation and Sustainable Development. 

Pictured above: (left to right) Andrew Bailey, Governor of the Bank of England and Richard Ring, apetito’s Chief Financial Officer during the visit which took place on Tuesday, 15th of February