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Turnover growth for Ridgeway Group

RIDGEWAY GROUP LIMITED, the colony egg operation that was formerly part of Stonegate Foods, has posted turnover growth in its latest results.

Sales for the year ended 30 September 2018 were up by almost a million pounds, at £15.4m compared with £14.6m in the previous period.

Profit before tax was £87,828 (2017: 21,946).

The directors are listed as Pamela and Richard Corbett, who sold Stonegate Foods to Adrian Gott in 2016, but retained the colony egg business, making Stonegate a wholly free-range and organic operation.

In the strategic report for this year’s results, the directors say that the group has “invested heavily” in the business, to build “a competitive yet sustainable model for the long term”.

It adds that some projects are beginning to “deliver efficiencies” and it is expected that these would continue into the next period.

It notes “increasing commodity prices,” in particular wheat, and says a further challenge is meeting the demands of customers by having the correct supply and type of egg.