SALES leapt almost 60% in Chesterfield Poultry’s latest year-end results, with turnover to the year ending 30 June 2018 just shy of £120m.
It compares with £75.5m in the previous period. The directors’ report for the results suggest the “establishment of the subsidiary company Just Halal Poultry Limited” in August 2017 accounts for the majority of the increased turnover, though it says sales have increased across the business.
Operating profits were also up, at £4.1m (2017: £2.5m) a result which directors said was “satisfactory, given the increased volumes”.
They also point to increased administration costs following the development of new premises in 2014 and suggest the principal risk and uncertainty is the price of poultry.
Total staff numbers are up to 85, compared with 67 the previous year.
The report also mentions a new subsidiary, Banham Poultry (2018) Ltd, established to buy parts of Banham Group in October last year – and add that the decision to wind down Just Halal Poultry had been taken in January this year “due to the shift in management focus”.