Soft drinks manufacturer Radnor Hills doubled its profits last year after launching into convenience for the first time.
The company’s turnover was up 15% to £75.3m in the year to 31 May 2024, while pre-tax profit doubled to £9.7m, according to its latest accounts at Companies House.
Radnor said growth was largely driven by its branded products, particularly the Radnor Splash range of flavoured waters, which increased sales 46%.
“We’re seeing general brand distribution growth across most retail customers, we launched into convenience, increased growth in vending, and are continuing to see a strong presence in delivered wholesale and cash & carry,” said MD Simon Knight.
Radnor Splash launched a new range of price-marked packs earlier this month to boost its presence in convenience stores.
Radnor also invested in its infrastructure, adding extra warehousing capacity, a new canning line box packer, a new high-speed Tetra line, and a new ERP system.
It consequently needed more employees, with the number of production staff growing from 190 to 211, its accounts show.
Knight added the company was also making continued investment in automation around the site and was “seeing rewards on the bottom line”.
Radnor is almost exclusively sold in the UK. Its European sales came to just £55k last year, down from £110k the year before.
As well as soft drinks, it also manages a hotel that brought in £1.2m, according to its accounts.
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