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Birmingham Post
Birmingham Post
Business
Andrew Arthur

Thatchers Cider profits and market share up in year hit by Covid

Thatchers Cider has said it has become the UK’s second-largest cider maker after a year disrupted by the Covid-19 pandemic which saw its profits jump and market share rise.

The family-run business, which has been producing cider in Somerset at its Myrtle Farm base in Sandford since 1904, reported profit after tax of £11.1m for the financial year to August 31, 2021 - up from £7.2m a year earlier.

This was despite turnover dipping by 2% (£2.8m) to £126m as national lockdowns restrictions impacted the hospitality sector.

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