Crawshaw Group sees 51% revenue increase to £37.1m

Crawshaw Group Plc, the fresh meat and food-to-go retailer, has reported record sales growth in its results for the year ending 31 January 2016.

During this period, he Rotherham-headquartered company’s revenue increased by 51% from £24.6m to £37.1m. Gross profit also saw rapid growth from £11m in 2015 to £16.7m for the same time this year.

This growth was supported both by contributions from LFL stores and from 17 new stores in the year, which includes the 11 stores acquired from Gabbotts Farm Ltd (which have been rebranded Crawshaws).

Crawshaws now operates out of 39 stores.

However, the company did report a statutory loss before tax of £300k, which is significantly less than the £1.2m profit before tax achieved in 2015. Crawshaws said this loss was mainly due to the cost of opening over a dozen new stores in the last year.

As for the first 7 weeks of the new financial year, total group sales are increasing by 64% and LFL is also seeing a rise of 0.1% for the same period.

Crawshaws is also planning to open 15 new stores in the current year, including further expansion into Yorkshire/North West areas and enter the Midlands/Birmingham area.

Noel Collett, chief executive officer, commented: “We are pleased to report another set of solid results for the business and are delighted with the significant progress we’ve made during a very transformative year.

“We have proved that customers love our compelling retail concept, delivering quality fresh meat and food-to-go at exceptional prices. With strong foundations now in place, we are well positioned to build on our current position and establish Crawshaws as a national brand.”