SHARE PUNT OF THE WEEK

PRICE: 190p

WHAT IS IT? Through its subsidiary Filtafry, Filta Group specialises in the vacuum-based cleaning and servicing of deep fat fryers for more than 5,000 commercial kitchens every week.

Other parts of the business replace refrigerator and freezer door seals and clean drains.

WHAT’S THE LATEST? Since listing in November, the group – which mainly operates as a franchise network – has seen its shares rise by an impressive 99pc.

At the end of August it bought drain servicing company Grease Management for up to £1.1m in cash to broaden its drain servicing business.

Shares were boosted again last week when Filta reported that revenues grew 39pc to £6.6m in the first half of 2017, while profit grew 62pc to £1m.

WHO BACKS IT? Executive director Victor Clewes owns a 16.9pc stake. The 59-year-old has been with the group since it was founded in 1996 and moved to Florida to spearhead its US growth in 2002. Chief executive Jason Sayers, who started the business, owns a 13.7pc stake. WHY SHOULD YOU INVEST? Filta is already seeing strong growth in its core fryer management business, securing franchises at major US caterers and several large university and stadium, and this looks set to continue. …AND WHY YOU SHOULDN’T It may look hopeful for Filta, but it is still early days – it only listed in November, after all.

Some will want to wait and see if all parts of the group can take off before investing.