Hilltop Honey has promoted Tom Delaney to the new role of CEO as the UK business targets a turnover of £100m ($136.9m).
Delaney moves up the ranks from sales director as founder and managing director Scott Davies moves to the role of executive chairman, according to a statement today (2 February) from the Wales-headquartered company.
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Set up in 2011, the Hilltop Honey brand owner generated an annual turnover of £44.1m in 2024, an increase of 31% from the previous 12 months, records from Companies House show.
Operating profit flipped to £3.8m from £667,927, while net income rose to £2.5m versus £308,289 a year earlier.
Delaney joined the branded and private-label business in 2024 and will lead the “next stage of growth” as Hilltop targets new international markets, according to the statement.
In previous roles, he was commercial director at Typhoo Tea and a buying manager at Tesco. Typhoo emerged from administration late in 2024 when the UK-based sports nutrition and vapes business Supreme snapped up the assets.
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By GlobalDataAs part of a recently launched five-year plan, Hilltop aims to grow its turnover from £50m last year to reach £100m, a spokesperson confirmed, adding the business will now operate under the parent identity of Hilltop Food Group.
The company’s revenue is split between 40% branded sales and the remainder from private label, the spokesperson said.
Delaney said today: “It’s a huge privilege to lead Hilltop Food Group at such an exciting moment for the business. Having worked closely with Scott and the team, I’ve seen first-hand the strength of the brand, the ambitious growth plans and the passion for bringing great-tasting products to more households in the UK and beyond.
“Together, we’re focused on unlocking the next chapter of growth and doubling the size of the business, while staying true to Hilltop’s roots as a founder-led, values-driven company.”
Founder Davies said Delaney will bring “sharp strategic thinking to the business” as Hilltop pursues its “growth journey”.
Speaking to this publication in 2024, Davies said Hilltop was dabbling in the US market.
The company spokesperson clarified today the US forms part of its international expansion strategy but it remains UK-focused, adding Hilltop plans to move into new categories such as peanut butter and condiments.
Hilltop operates two manufacturing facilities covering 150,000 square foot in total, both in Newtown, Wales, the spokesperson said.
