Blakemore achieves small sales and profit increases

“A pleasing, steady result” is how AF Blakemore & Son chairman Peter Blakemore (pictured) described trading figures for the 2015/16 financial year.

Pre-tax profit was marginally up by 0.2% to £7.6 million on sales 2.6% up at £1.31 billion. The family-owned food retail, C&C/wholesale and Spar distribution business, which celebrates its centenary this year, also increased the value of net assets by 7.6% to £80.8 million.

Blakemore said: “The result has been achieved against a background of difficult trading conditions in the food retail and wholesale markets together with significant levels of price deflation.”

Cost control was cited as a major consideration during the year, with Blakemore stating that the business has continued to retain and re-invest all post-tax profits into improving group operations and those of its independent retail customers.

He added: “We have set out a vision for 2020 to solidify our position as a multi-market national food operator with a fantastic reputation for service among trade partners and consumers. More than ever, we need to use the expertise from our divisions to benefit the whole company, capitalising on economies of scale and sharing best practice.”

Blakemore also recognised the role played by his mother Mary, who passed away in September: “She was chairman of the group from 1986 to 2014 and made an important contribution to the success of the business.”

Tel: AF Blakemore & Son (01902) 366066

Published Date: January 13, 2017
Category: Wholesale Industry News