Grimsby grocery exporter Ramsden International returned to profit after a perfect storm of a year that saw Brexit impacts collide with logistics and lockdown woes.
Sales returned above the £40 million mark, with a 12.6 per cent uplift from £37.2 million to £41.9 million in 2022. The calendar-aligned financial year for the Adam Smith Street firm saw it achieve a near £1 million swing in earnings, from a loss of £831,484 to a £136,224 profit.
Chief executive Sean Ramsden MBE had told how a scramble for stock, and issues with the delivery of it with the likes of the Suez Canal blockage and increased border checks had weighed heavy on the company in 2021.
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In the group strategic report accompanying the recently published results, he said: “The business continued its focus on core sales through another challenging year that saw continued disruption from the global logistics issues. There were still product availability issues, delivery issues and increased costs, however, these were less of an impact than 2021.
“We have seen availability and logistics improve significantly in 2022 and there are further improvements expected in 2023.”
Staff numbers remained constant at 100 for the celebrated firm, which has opened a Belgian office to mitigate the 海角视频 leaving the EU, where 40 per cent of the business’ sales are generated.
A multiple Queen’s Award winner, Ramsden International was launched almost 30 years ago by the third generation entrepreneur - named in Her Majesty's penultimate New Year's Honours for servcies to the sector back in 2020. It followed the line of evolution of the town’s renowned retail family, from hardware store to grocer and then wholesaler.
Father Dudley was co-founder of the Nisa business which it works closely with. Ramsden has a repackaging facility close to the company’s central distribution centre in Scunthorpe where it sources its huge range of British brands. It is used to meet geographic legal requirements for goods and the information carried on the packaging.