PUKKA YEAR FOR PIE MAKER

Sales have edged closer to the £50m mark at Pukka Pies after the company enjoyed a fourth consecutive year of revenue growth, newly filed accounts have revealed.

Pukka Pies started life as Trevor Storer's Handmade Pie Company in 1963 and now makes more than 60 million pies per year.

In the year to 25 May 2015, the company turned over £46.5m, up from £43.9m for the previous period.

However, operating profit dipped slightly to £4.1m from £4.4m and pre-tax profit slipped to £4.3m from £4.4m.

But a statement signed off on behalf of the board by director Andrew Storer said the results were "satisfactory" and provide a "strong platform" for sustained growth within the food manufacturing industry.

The statement added that directors expect the business to grow further over the coming years as it continues with its drive to build brand awareness.

As a result of its performance, Pukka Pies shareholders were paid a £2m dividend, the same as 2014.

Source: TheInsiderMedia  

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