Profits at Bolton-headquartered bakery giant Warburtons were cut after the family-owned business faced a rise in costs to battle the Covid-19 pandemic and cope with a major delivery driver shortage, it has been revealed.
The business, which is led by the fifth generation of the Warburton family, has reported pre-tax profits of £15.2m for its latest financial year, down from the £23.6m it achieved during the prior 12 months. The company suffered a fall in profits despite its turnover rising by more than £10m to £567.9m.
In newly-filed documents with Companies House for the year to the end of September 2021, Warburtons said its profits declined during despite the rise in turnover because of "commodity inflation and elevated costs linked to Covid-19 and the driver shortage" towards the end of the period.
