Profits up for English Wine

02 May, 2008

Despite poor weather and rising costs, English Wines Group managed to climb back into profit in its most recent trading year.

The Tenterden-based producer of Chapel Down wines made a pre-tax profit of £157,543 compared with a loss of £89,579 in the previous year.

The company said it had achieved an 18% increase in average retail prices which had helped to compensate for the rising cost of raw materials. Volumes were up 5%. Head office efficiencies led to a 10% decrease in marketing and administration expenses.

The company said in its annual accounts for the 2007 calendar year that there was strong support for its wines from Waitrose, Sainsbury's, Marks & Spencer, Selfridges and Fortnum & Mason, plus some leading restaurants.

Chairman Paul Brett said: "The 2007 harvest was affected by the adverse summer weather. However, although volumes were lower than expectations, the fruit was of high quality, with very good to outstanding white and sparkling wine to come."




Bookmark this


Site Search

COMMENT

Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter