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CHEESEMAKER BUOYED BY RISING SALES
Rising sales both at home and abroad have helped fuel a rise in turnover at the fastgrowing Cheshire cheesemaker behind the Spinneyfields brand.
The latest set of accounts for FJ Need (Foods) show a turnover of £57.8m in the 13 months ending 31 March 2017, up from £37.9m in the year to 29 February 2016. Turnover rose to £53.8m from £35.2m in the UK and climbed to £4m from £2.8m in Europe.
Pre-tax profits increased to £623,967 in 2016/17 from £452,767 in 2015/16.
FJ Need is now controlled by the Irish dairy giant that owns the Kerrygold brand. Ornua completed a deal to buy the Nantwich-based cheesemaker on 31 March 2017.
In a report accompanying the accounts, FJ Need’s directors said that the rise in turnover was driven by sales volumes increases of 32 per cent and average cheese commodity prices being 16 per cent higher than the previous period.
They added: “During the period, the company completed a major expansion plan, by adding two new production lines. The company now has four production lines, two grating and dicing lines, one block cutting line and one slicing line.
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