A historic dairy farm in Gloucestershire has seen profits dip as the Covid-19 pandemic and rising costs of production continue to put pressure on the industry.
Posting its results for the year to January 2022, Cotteswold Dairy in Tewkesbury said profit before tax had fallen to £1m - down from £1.9m the year previously - despite revenues rising £10m to £68.2m.
However, directors at the company said the year had been “positive” for growth, as the lifting of lockdown restrictions for schools and business saw the return of semi retail sales, and supply began to normalise in the sector.
