Liberty optimistic after delivering financial results

20 November, 2013

Liberty Wines has announced an operating profit of £2 million for the 2012-13 financial year – up 0.15% on the previous year.

Turnover was down from £38.1 million to £36.5 million, but it made a higher gross margin, up 18.2% on the previous year.

Managing director David Gleave said: “The focus on quality and service has seen us increase profits at the same time as volume fell.

“We are optimistic for the coming months, particularly as we have made significant investments in our sales team in the UK and have completed the build of, and move to, our new freehold warehouse and offices in Clapham, London.

“These investments are already bearing fruit, as October 2013 was a record month for sales in the UK and Ireland, which bodes well for the run-up to Christmas.”




Bookmark this


Site Search

COMMENT

What makes wine special

Reaching the 50th instalment of Hemming’s Way is hardly the biggest milestone, but I don’t need much of an excuse to pour myself a glass of champagne before getting dressed. It’s a better reason than I had for all 49 other instalments, anyway. Not that that stopped me.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter