Jack Brand Limited has reported a significant financial turnaround for the year ended 30 September 2024, achieving a pre-tax profit of £2.06 million, compared to a loss of £815,000 the previous year. This impressive recovery comes on the back of strong sales growth and improved operational efficiencies.
The company’s turnover surged to £44 million, up from £26.75 million in 2023, while gross profit nearly tripled to £8.69 million. Operating profit stood at £2.05 million, reversing a loss of £808,000 in the prior year. Directors attributed the success to enhanced cost controls, economies of scale, and a focus on expanding the existing customer base.
Despite this growth, the company remains cautious of risks, particularly those linked to poultry supply costs, market pricing, weather conditions, and disease outbreaks. Jack Brand’s leadership believes the company is well-positioned for continued growth. Plans are in place to further increase efficiency, invest in operations, and expand market reach.