Banham Poultry (2018) has reported annual turnover of £235.5 million in the year to 1 January 2023, a significant increase compared to the previous year.
The firm reported a pre-tax profit during the same period of £1.5 million, and a loss of £531,000 after tax,
The company changed its reporting period to end in January instead of June so direct comparisons are not possible, but the previous annual turnover in the year to 30 June 2021, was recorded as £121.5 million.
The pre-tax loss for this period was stated as £6.6m and the loss after taxation was £4.5 million.
In 2021, the poultry business was acquired by the private office of 2 Sisters’ founder Ranjit Boparan. The business was previously bought in 2018 by Chesterfield Poultry, which in three years invested £11m at the 12-acre Attleborough site. The fully integrated poultry business produces around 7% of the UK’s chicken.
In the latest accounts, the directors state they have made big investments to both “reshape and strengthen” the company to create further opportunities and return the business to profitability. The company is dependent on the support of the parent company, Boparan Private Office, and the directors have said they will provide sufficient funds to allow the company to meet its liabilities as they fall due.