Fish and chip shop supplier Smales delivered on its growth expectations having swung back into profit a year ago, adding almost 25 per cent to sales.
The latest trading period saw the Hull business’ turnover hit £91.6 million, up from £73.4 million, with operating profit back on a strong footing with a 150 per cent uplift to £4 million. It had turned round loss-making years with the closure of chilled processing operations in the city in a major restructure. Now a significant uplift from the £1.6 million return it saw in the year to September 2021 has been realised, with widening margin.
And while it is conscious of the inflationary impacts on its customer base, the team at the 86-year-old company believe Britain’s best loved takeaway is well placed to ride out the cost-of-living storm, with the added bonus of the strong staycation market.
