Lees Foods has announced another record year of trading as it released its year-end results to 31st December 2014.
Sales for the group rose to £27.4m, up from 2013’s £26.3m, with profit before tax rising 23% to £1.72m excluding exceptional items.
The firm completed an investment of over £1.7m installing a new production line in its Coatbridge factory with ‘robots’ undertaking automatic packing for its volume teacake and snowball packs. This was financed in part by a successful claim against HMRC for overpaid output tax on snowballs between 2008 and 2014.
Clive Miquel (pictured), Chief Executive of Lees Foods, commented, “The Group performed exceptionally well during 2014. There has been solid trading across all areas of the business. The Waverley Bakery enjoyed a particularly good summer helping achieve record turnover of over £6m for the year.”
Miquel also cited the introduction of new confectionery bar designs in the last quarter of 2014 as the source of a sales uplift that has continued throughout this year.
