Cornwall’s Trewithen Dairy has seen sales jump to £56.3m and is now looking to sign up more farmers to supply it with milk.
The Lostwithiel-based company enjoyed a 8% hike in turnover for 2020/21, up from the previous financial year’s £52.1m, new accounts show.
This “satisfactory growth in its sales revenues” led to a pre-tax profit of £1.6m - up from £1.4m in 2019/20 - which the company said reflected on an increase in sales, an improved sales mix and a continued focus on maintaining cost control. The balance sheet also strengthened with total net assets increasing by £1.2m to £7.6m.
