A.F. Blakemore & Son’s sales from continuing operations rose by 4.6% to £1.1bn for the year ending 30 April, while pre-tax profit from continuing operations rose by 19.5% from £8.5m to £10.2m in the same period.
Chairman Peter Blakemore has put the results down to a significant investment and reorganisation: “This has been a tremendous performance and I’d like to thank all our staff who have worked so hard to help us achieve these results. We have continued to achieve positive growth across all channels and have carried out major reviews into all areas of our business to make sure we have the right strategies in place.”
The company has also made a number of investments through the year, including the purchase of 22 Philpotts stores in order to grow its existing fresh foods and foodservice business.
It recently joined the Country Range buying group and also signed a pre-let agreement on a 20-year lease for a 164,850 sq ft multi-temperature distribution facility on Manton Lane, Bedford which is due to take occupancy in 2021, subject to receiving planning permission.