Congratulations to Warburtons, whose profits rose by more than 30% in 2020, according to the company’s latest accounts. It is fantastic to see growth in the baking sector.
Thank you British Baker for publishing this article.
The UK’s largest bread brand reported an operating profit of £24.2m for the 52-week period to 26 September 2020 compared with £18.5m for the same period a year prior – an increase of 30.8%. This improved profitability was attributed to volume growth, strong cost management and lower exceptional costs, although this was partially offset by higher Covid-19 related costs. Turnover, meanwhile, increased by 10% from £503.8m to £556m.
Have you seen growth within your bakery over the last 18 months? Did you know that as a result of measures announced in the 2021 Spring Budget, businesses will now benefit from the super-deduction which offers 130% first-year relief on qualifying main rate plan and machinery investments from the 1st April. You can find more information on how this may enable you to invest in baking equipment and benefit your bakery here.