Pet food manufacturer GA Pet Food Partners has reported an increase in turnover from £102m to £113m, with a rise in operating profit of more than £300,000 from £280,000 to £633,000.
In its annual report, the Lancashire company says its profitability can be attributed to ‘an increase in the customer base during the period’, which ran from January 2017 to January 2018.
“The increase in sales has been achieved by organic growth with new and existing partners, generating new sales through new product development and new sales using highly generic recipes across many markets,” the company said.
SUBSIDIARIES
GA Pet Food Partners supplies to a wide range of companies, from multi-national organisations to independent retailers.
UK income was up from £63.5m to £67.9m, while European sales increased from £34.7m to £39.6m. Revenue from the rest of the world rose from £3.78m to £5.84m. It says growth in ‘high value exports’ continues to be a ‘significant contributor to overall operating profit’.
Over the year, it said it had ‘continued the development of its wholly owned subsidiaries in Poland, German and France, and has formed a wholly owned subsidiary in Italy’.
It said: “The company continues to develop strong working relationships with leading branded partners throughout the UK, Europe, Russia and the Far East. In addition, the company is working with partners who not only have traditional channels to market via physical retail outlets, but also those with a dual or focussed strategy on internet retail has been very successful.”
