Creamery business is growing and profitable
Campbeltown Creamery’s owner First Milk has reported another year of solid progress. First Milk published its annual results this week which showed a profitable business with a strengthening balance sheet that is growing. The highlights include a net profit of £3.2 million and appointing food firm specialist Chris Thomas as its new non-executive chairman last month. First Milk chief executive Shelagh Hancock said a second year of positive trading results demonstrated that First Milk was consistently delivering stable financial performance and making solid progress on strengthening and growing the business. ‘Critically, we have done this whilst putting our farmer members back at the heart of the business and, most importantly, delivering improved returns to our members. ‘With strong foundations now firmly in place, First Milk is wellplaced for future growth. As we look forward, our clear strategic focus is to drive profitable growth across our cheese and fresh milk businesses,’ she said. She added: ‘We have embarked on significant capital investment at our sites to support the growing demand from our customers, enabling our members to increase milk production with confidence. ‘Through the implementation of this growth strategy in the years ahead we will deliver prosperity for our members.’
First Milk’s non-executive chairman Chris Thomas.