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PRIVACY
Retail & Consumer

Pandemic's impact on hospitality sector hits sales and profits at Sykes Seafood group

Sykes Seafood was founded in 1862 and has bases in Knutsford and Liverpool

ADRD Holdings is behind Sykes Seafood(Image: SHARED CONTENT UNIT)

The impact Covid-19 has had on the hospitality sector cut turnover and pre-tax profits at the company behind Sykes Seafood during its latest financial year.

ADRD Holdings has reported a turnover of £107.7m for the 12 months to March 27, 2021, down from the £136.5m it reported for the 15-month period to March 28, 2020.

Its pre-tax profits also went from £4.3m to £64,000 over the same time.

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A statement signed off by the board said the fall in its pre-tax profits was because of the impact of Covid-19 on the hospitality sector.

Sykes Seafood was founded in 1862 and has bases in Knutsford and Liverpool.

The ADRD Holdings statement added: "The directors consider that the forthcoming financial year will be another year of growth, as the Covid-19 crisis hopefully draws to a conclusion.