Profits up at Annyalla Chicks

09-10-2018 | |
Photo: Medicimage/REX/Shutterstock
Photo: Medicimage/REX/Shutterstock

Independent hatchery business Annyalla Chicks has reported strong profit growth in its latest set of financial results.

The business, which is headquartered in Wrexham, North Wales, posted a pre-tax profit of £2.7m against a turnover just north of £30m in its latest accounts, which cover the 12 months to 31 December last year.

Turnover in the previous period was slightly lower, at £28m, and pre-tax profits were £531,117.

In 2017, gross profit at the firm was up some £3m when compared with the previous year.

The directors’ cite fluctuating feed prices, currency volatility and customers’ creditworthiness as principle risks and uncertainties facing the company.

This year the business opened the 1stHatchtech hatchery at its Boston, Lincs facility which has a production capacity of five-million chicks a week.

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Jake Davies Freelance Journalist