The family-owned pet meals business behind manufacturers equivalent to Butcher’s considerably reduce its losses throughout its latest monetary yr, it has been revealed.
Butchers Pet Care, which is headquartered in Northamptonshire, has posted pre-tax losses of £348,000 for the yr to July 31, 2023.
The complete compares to the £6.1m the business misplaced within the prior monetary yr.
The final time the group posted a pre-tax revenue was the £1m it reported within the yr to July 31, 2018.
Newly-filed accounts with Companies House additionally present that its turnover elevated from £108.3m to £138.4m throughout its latest monetary yr.
Butcher’s Pet Care’s UK turnover elevated from £100.7m to £128.2m within the yr whereas it went from £7m to £9.1m in the remainder of Europe and from £575,000 to £1m in the remainder of the world.
The common variety of folks it employed in the course of the yr additionally rose from 367 to 395.
In an announcement signed off by the board, chairman Graham Baker mentioned: “Trading since year end has been strong, with our brands continuing to deliver year-on-year growth.
“Inflationary pressure in our inputs have stabilised, but we remain mindful of the continuing cause of distress for many consumers.
“We are fortunate to have focused our strategy on affordable natural food, where we have a clear point of differentiation in the market.
“Operational improvements continue and supply remains high despite the ongoing pressure of strong demand on output.
“The strength of our brands and the opportunities for sustainable growth in a category that has demonstrated resilience in the face of tough market conditions in the wider economy, together with further operational improvements, underpins a promising long-term outlook.”
