Filta Group (Filta) provides cleaning services to commercial kitchens in North America, the UK and, more recently, mainland Europe. For cleaning and filtering frying machines, this is largely carried out through franchise networks. In the UK, Filta has some company-owned operations too, and it has recently accelerated the expansion of its grease management services with the acquisition of Watbio. There is no direct competition in the fryer market, and it currently addresses only 2% of the total potential. Revenues should prove both consistent and persistent, and there is scope for continuing growth for many years, in our view.