viewReal Good Food PLC

Real Good Food positive on outlook as restructuring begins to bear fruit


“The company now has a solid platform from which to maximise earnings and look to optimise shareholder value," said Hugh Cawley, the chief executive officer of Real Good Food.

real good food

Quick facts: Real Good Food PLC

Price: 6.05 GBX

Market: LSE
Market Cap: £6.02 m
  • Real Good Food restructuring pays off 

  • Focus on cake decoration and food ingredients divisions after disposals 

  • Management confident in future prospects for the firm


What Real Good Food does:

Real Good Food PLC (LON:RGD) is an AIM-listed busines that supplies food products and ingredients to a number of market sectors including retail, manufacturing, wholesale, foodservice and export.

Its two core divisions include cake decorations and food ingredients. 

What it owns:

Under the banner of the cake decoration division is the Renashaw business, which makes marzipan, soft icings and sugarpaste.

Rainbow Dust Colours, also within the cake decoration unit, sells edible glitters, dusts, powders and food paints.

In the food ingredients arm is the Brighter Foods business, which makes healthy snack bars.

Inflection points:

  • The company has sold four businesses over the past year as part of a restructuring to focus on more profitable areas of the business in its cake decoration and food ingredients divisions. The disposals include the Chantilly Patisserie frozen desserts firm, the Haydens bakery business, the Garretts dairy and bakery ingredients group and R&W Scott – a jam and preserve maker.
  • In the half-year ended 30 September 2018, Real Good Food swung to underlying adjusted earnings of £900,000 from a loss of £400,000 a year ago on revenue of £30.4mln. Costs savings from the restructuring of the business boosted the results.
  • Current trading remains in line with management expectations
  • Net debt at the end of September 2018 was cut to £29.9mln from £35.8mln the same time a year earlier
  • Real Good Food remains confident in the outlook for the business.


Blue Sky:

Real Good Food has seen its performance improve through actions taken to streamline the business over the past year.

“The company now has a solid platform from which to maximise earnings and look to optimise shareholder value," said Hugh Cawley, the chief executive officer of Real Good Food.

He added: “Overall, the board remains confident, but far from complacent, in the future prospects for the group and reiterates that the performance of, and prospects for, what is now a smaller and more focused group, have improved considerably." 

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Things coming together nicely in Greenland, says Bluejay Mining's CEO

Rod McIllree, Bluejay Mining PLC’s (LON:JAY) chief executive, tells Proactive that all three of its projects in Greenland are shaping up nicely with plenty of interest from mining giants. Dundas is the flagship and here a bulk sample of mineral sands has been shipped to a Rio Tinto facility...

2 days, 2 hours ago


Half year results

2 weeks, 2 days ago

Directorate Change

on 24/10/19

Directorate Change

on 10/10/19

Result of AGM

on 27/9/19

AGM Statement

on 26/9/19

Directorate Change

on 3/9/19

Board Change

on 30/8/19

2 min read