Gills reports a return to profitability

Accounts newly lodged at Companies House by FA Gill Ltd, which trades as Gills of Wolverhampton, reveal the company generated a pre-tax profit of £202,058 in the year to September 30, 2015. This was a substantial turnaround from the loss of £394,824 recorded te previous year.

The company’s turnover declined moderately to £34.7 million from £35.6 million, which Gills said didn’t reflect the efforts it had made to build up sales in the independent retail sector

A statement issued by the firm added: “The year being reported saw pig prices recede from historically high levels, but there’s a still a dangerously wide disparity between UK and pig prices in other European companies.”

Gills also said a new and younger sales and production team was prepared to take the business forward in 2016, suggesting that said that the introduction of the national living wage would have a great impact on its retail and catering customers.

“The change of government has not dramatically changed the outlook for businesses like us,” it said. “But despite the challenges, we remain willing and able to respond positively to the demands for traceability and product authenticity.

“Our plan for 2016 and the years ahead is to keep promoting British pork on British forks from a British company.”

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