One of Scotland’s most well-known potato companies has seen a drop in turnover and profits, which is has been blamed on a decline in own-label fresh potato sales. Accounts for Albert Bartlett Holdings Ltd, which runs the popular Albert Bartlett potato brand, reveal the group posted a 9.6% decrease in turnover to £154.502 million for the year ended May 31 2018.
Pre-tax profits were also down 12.8% to £6.123m, from £7.022m before. The accounts show an 11.6% drop in UK sales to £142.969m, from £161.776m. Sales to the rest of Europe increased more than three-fold to £1.892m, while sales to the rest of the world were worth £9.640m.
In a report accompanying the accounts, the group’s only director, Ronnie Bartlett, said the trading performance of the company had been satisfactory during a year of “challenging market conditions which continue to put significant pricing pressures on the entire supply chain”.
According to pressandjournal.co.uk, he said the drop in turnover, caused by a reduction in own-label fresh potato sales, had been offset to some extent by growth in frozen volumes, the international business, and the Albert Bartlett brand.
“We have seen good growth from our frozen business which is now well established in the marketplace and able to adapt its offering to suit changing consumer tastes with new, innovative products.”