Aquascot comes out of the COVID-19 storm afloat.
In a report posted in Companies House for the year ended Jan 31st 2020, company turnover rose by 6.7 per cent at GBP 65 million compared to the year before.
Operating profit was up 27.4 per-cent, from GBP 0.9 million to this year’s GBP 1.1 million.
This marked a turnaround from when operating profit was down 57 per-cent in 2018 because of the high cost of raw materials.
“The directors believe the company responded positively in challenging market conditions and has made significant advancements during the year. Continuous improvement remains a key focus and driver for the business. New projects and initiatives are being enacted and further progress is expected in the year ahead,” wrote Aquascot.
The Waitrose supplier wrote that its business model, the Aquascot Salmon and Sea Grown Trout Hub, is a “unique series of structured, long term collaborations that have been built” that uses several fish-farming supply partners, rather than single sourcing.