Boroughbridge, UK: Reed Boardall reports a “sound” full year financial performance in a tough market.
Keith (left) and Marcus Boardall of Reed Boardall
The company’s revenues rose by 3% to just under £66m in the year to March 31 2015. This “steady” performance is attributed to an increase in volumes compared with the previous year.
Reed Boardall also saw an increase in profit before exceptional items from £2.6m in 2014 to £3.2m in 2015, largely due to improvements in controlling costs.
However, the group said its transport activities continued to be challenging, with competition making it difficult for the group to recover the increases in cost incurred this year.
“2015 was another year of consolidation for us, building on our sound financial track record and making further inroads into eradicating unnecessary costs,” said Marcus Boardall, deputy chief executive, Reed Boardall Group.
“With more than 20 years serving the British food industry, we have a proven formula for success and our strong performance continues to validate our business model based on a single facility from which we are able to serve all of our customers’ needs efficiently.
“We firmly believe that this strategy allows us to excel in customer satisfaction and service quality and sets us apart from our competitors in a market which is increasingly dynamic and competitive.”
Sarah Roberts, the finance director, said: “We have established a highly efficient operation, perfecting the art of meeting orders by combining different products from various suppliers, both big and small, and passing on these cost savings to our customers.”
