Pre-tax profits at Delamere Dairy have climbed 51% as the company got back on track following its 2008 management buyout.
Pre-tax profits increased by £180,512 to £534,399 in the year ended 31 December 2009, according to the latest accounts filed at Companies House.
Turnover decreased only marginally by £21,554 to £15.1m. Delamere's 2008 profits had been hit by the costs of a management buyout, said commercial director Ed Salt. "Pre-tax profits would have been around the £500,000 mark in 2008, if it were not for the MBO costs."
Following the MBO, Delamere had scrutinised its costs and removed non profit-making lines, he added. "In light of milk prices, the fall in the value of the pound and the recession hitting niche top end products, we still came out in an improved position."
The company anticipated strong growth in the 2010 financial year, said Salt.
Pre-tax profits increased by £180,512 to £534,399 in the year ended 31 December 2009, according to the latest accounts filed at Companies House.
Turnover decreased only marginally by £21,554 to £15.1m. Delamere's 2008 profits had been hit by the costs of a management buyout, said commercial director Ed Salt. "Pre-tax profits would have been around the £500,000 mark in 2008, if it were not for the MBO costs."
Following the MBO, Delamere had scrutinised its costs and removed non profit-making lines, he added. "In light of milk prices, the fall in the value of the pound and the recession hitting niche top end products, we still came out in an improved position."
The company anticipated strong growth in the 2010 financial year, said Salt.
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