Maelor Foods reports 149% increase in turnover

Maelor Foods has reported a 149% increase in turnover in the year ending 31 July 2019. According to its latest accounts, the poultry processing company’s sales for the year were £85.9 million, up from £34.5 million in the previous 12 months.

Profits before tax at the company for the year ending 31 July 2019 reached £2.94 million, compared to a loss of £91,348 in the previous year.

The directors said in the annual report that they expected turnover to continue to grow throughout 2020. “The company has performed financially, operationally and strategically in line with management expectations for the year ended 31 July 2019 and the directors expect to at least maintain such a standard of performance going forward, given the risks and opportunities posed by the current climate.”

The number of employees at the business increased to 127 from 61 the year before. 

Maelor Foods operates a state-of-the-art poultry processing plant near Wrexham. It opened on a former First Milk site following an investment of more than £20m. It was backed with a £3.15m grant from the Welsh Government’s Food Business Investment Scheme.

Last May, Maelor Foods won a planning appeal to increase the number of birds it processes to one million per week. 

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