fbpx

Turnover and profit up at The Lakes

THE LAKES FREE RANGE EGG COMPANY grew both turnover and pre-tax profits in its most recent financial year, which ended 31 October 2018.

Sales were £29.3m compared with £26.3m in 2017 and pre-tax profits were up – from £1.3m to £1.4m.

That translates to a broadly similar profit margin of 11.8% (2017: 11.9%).

In the strategic report, directors said they were satisfied with the overall performance of the business.

A risk identified is avian influenza and the associated threat of downgrading free-range eggs to barn.

Competitor pressure, the threat of an economic downturn and loss of “key personnel” are also listed as risks.

The number of employees increased, compared with the previous period, from 70 to 75.