Hovis Limited

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Hovis Limited - overview

Established

1886

Location

-, Buckinghamshire, UK

Primary Industry

Food

About

Based in the UK, Hovis Limited is a bakery company specializing in a wide variety of bread products, offering nutritious options for families and food service providers alike. Hovis Limited, founded in 1886 in the UK, operates as a bakery company primarily focused on bread production. In August 2025, Associated British Foods plc, a portfolio company of Wittington Investments, agreed to acquire Hovis Limited from Endless. The current CEO is Jon Jenkins, who has a background in the food industry.


Hovis is a leading provider of a diverse range of bakery products, with a core focus on breads and rolls catering to various consumer preferences. Their product lineup includes traditional loaves such as Hovis® Wholemeal, Hovis® White ‘n Fibre®, and specialty items like Hovis® Granary® and Hovis® Cheddar Cheese and Herb Sub Rolls. Each product is crafted using high-quality ingredients, often incorporating unique blends of seeds and grains to enhance flavor and nutritional value. Hovis products are designed to meet the needs of a wide client base, including families seeking nutritious meal options and food service providers requiring reliable ingredients for sandwiches and other culinary applications.


The company distributes its products primarily across the United Kingdom and has a growing presence in select international markets, ensuring accessibility to a broad audience of bread consumers. Hovis generates revenue by manufacturing and selling branded bakery products, including bread, flour, rolls, and bakery goods, through supermarkets, retailers, foodservice channels, and commercial customers across the UK. The company also earns revenue from its milling operations and licensed bakery product sales under the Hovis and Nimble brands. The August 2025 acquisition will support Hovis through greater financial stability, operational efficiencies, supply chain synergies, increased investment in innovation, and strengthened long-term growth opportunities within a larger bakery platform.


Current Investors

Primary Industry

Food

Sub Industries

Bakery Products, Food & Beverage Distribution

Website

www.hovis.co.uk

Verticals

Manufacturing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Hovis Limited - timeline of key events

Blurred Background

Want to see the Timeline of Key Events?

Request a demo for full access to this profile.

Hovis Limited - financials

Fiscal Year EndedDec 31, 2014Dec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Sep 24, 2022Sep 30, 2023Sep 28, 2024Sep 28, 2025Jun 29, 2026
Revenue (USD)380,886,000343,297,000308,728,000326,852,000335,967,000333,756,000360,706,000361,204,000301,399,000477,644,000---
% Revenue Growth (YoY)-(9.9%)(10.1%)5.9%2.8%(0.7%)8.1%0.1%-----
EBITDA (USD)11,590,000(2,064,000)449,0008,137,00014,518,00023,061,00022,824,00012,755,000(9,261,000)18,854,000---
Operating Income (USD)6,154,000(11,369,000)(11,798,000)(4,461,000)2,411,0005,677,0002,769,000(8,890,000)(28,296,000)(3,504,000)---
Operating Margin1.6%(3.3%)(3.8%)(1.4%)0.7%1.7%0.8%(2.5%)(9.4%)(0.7%)---
% EBITDA Margin3.0%(0.6%)0.1%2.5%4.3%6.9%6.3%3.5%(3.1%)3.9%---
NET Income (USD)75,827,000(19,019,000)(29,957,000)349,0006,261,00011,683,000(6,290,000)26,247,000(28,153,000)(4,808,000)---
% Net Margin19.9%(5.5%)(9.7%)0.1%1.9%3.5%(1.7%)7.3%(9.3%)(1.0%)---

Hovis Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, LP Direct, Trade SaleCompletedHovis Limited-
Secondary BuyoutCompletedHovis Limited-
Secondary BuyoutCompletedHovis Limited-

Displaying 1 - 3 of 3

Hovis Limited - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.