British Honey – the AQUIS-listed producer of spirits, honey and jams – have released a trading update that points to a significant increase in revenue during 2021.
The company said they expected revenue to be no less than £8.4m in 2021, surging from the £1.6m they recorded in 2020.
The group said they were also encouraged the consolidation of their operations and saw cost savings through the next year.
“Our sales fared well in the final quarter of the year, providing good momentum into 2022 and giving us every confidence as we start the new financial year. Demand for our products remains strong and we are making rapid progress in ensuring our operations are more efficient,” said Richard Day, Chairman of BHC.
“It is essential that we have the right cost base in order to remain competitive as a business and can take advantage of the significant opportunities we are seeing in the market. Therefore, the Board considered now was the right time to consolidate our production, distribution and business operations into our Market Harborough distillery site. We will work with the teams that are affected in the coming weeks to ensure they have the support needed during this transition.”