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Turnover and profits up at Stonegate Food Group

eggs on a tray in a farm

STONEGATE FOOD GROUP has recorded turnover of £140m and pre-tax profits of £2.8m in its latest financial results, which cover the year to 2 October 2021.

Sales were significantly up from the £107.7m in the company’s previous financial period when pre-tax profits were £2.7m.

See also: Poultry feed remains at a historic high

Stonegate is one of the UK’s largest producers and packers of free-range and organic eggs, supplying supermarkets, restaurants and food manufacturers.

The director’s report said the firm was in a “strong financial position” with net assets of £8.4m at year-end.

Over the year, investment was made in the group’s grading capability and associated warehousing, as well as its packing centre.

Farming developments

Stonegate’s farming estate comprises a mixture of company-owned and private facilities, and all production is accredited to both RSPCA Assured and the British Lion Scheme.

The director’s report also notes that the group was the first to bring a carbon-neutral egg to supermarket shelves – achieved through a combination of reducing CO2 used in the eggs’ production as well as the purchase of carbon credits.

Stonegate is also sponsoring a PHD through Bristol University relating to animal welfare, and researching how phosphorus in manure can be reduced through changes in dietary protein with a leading feed manufacturer.