William Jackson sees 8% lift in profits

William Jackson & Son Limited posted a profit after tax increase of 8.3% to £9.82m, for the full year to 27 April 2013.

The parent company of Jackson’s Bakery Limited, and William Jackson Bakery (Export) Limited achieved an operating profit of £12.9m for the accounting year, up from £10.8m in 2012, while turnover increased from £179.5m to £228.5m over the same period.

Gross profit stood at £66.3m, up from £46.6m in 2012.

The firm said the year had been an exciting one for them, with the acquisition of organic food delivery service Abel and Cole, which was completed in October.

Sales from continuing businesses increased by 8.8%, which it said was achieved through a combination of organic growth and price increases arising from the pass through of raw material inflation.

Capital expenditure for the year came in at £7.5m which it said reflected its on-going commitment to the growth and development of all its businesses, while employee numbers increased significantly from 1,376 to 1,729.

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