LJ Fairburn has recorded improved profitability and higher turnover in its most recent set of financial results.

The egg producer-packer said higher prices paid by its customers and recovery from an outbreak of avian influenza had made for better trading conditions in the year to 30 September 2023.

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Turnover grew by just over £8m, compared with the previous period, to £109m.

Pre-tax profits also improved, to £3.8m, compared with a pre-tax loss of £1m a year earlier.

The directors report said sales had grown “due to price increases and a strategic move from cage to free-range”.

Demand exceeding supply

A particular attribute of the market over the period was “demand for eggs exceeding supply”.

Improved profitability was attributed to increasing its own free-range production and recovering from an avian influenza outbreak.

The directors also mention that this financial year was the first operating its bed and breakfast scheme, where Farmers receive a pre-agreed amount per bird weekly for each flock covering birds housed from 16-76 weeks, with a performance-related bonus also available.

It is described as ‘well-received by producers’.