Exports results boost Fylde team
The man behind AFC Fylde's amazing promotion drive has said the parent company is going from strength to strength thanks to exports.
David Haythornthwaite of Tangerine Holdings said rising sales abroad have seen profits up by 13 per cent to £2.5m for the year ending June 30 2016.
And he revealed that in the nine months since profits have continued to rise by 43 per cent.
In the official accounts turnover rose 26 per cent to £23.2m with export sales making up 45 per cent of that total as compared to 39 per cent the previous year.
The group includes Vet Plus, Carr and Day and Martin, and AgriLloyds and specialises in animal nutrition and health products.
It stated that trading had been challenging over the year with increased competition from large conglomerates which were beginning to see the potential of their field of operations.
Mr Haythornthwaite, who this week saw his football team clinch promotion to the National League, just one division away from the full Football League, said it had been a remarkable year.
He said: “The figures speak for themselves, it has been a great year. It is the result of investment in our manufacturing facility here in Lytham and particularly our export sales growth.
“Now we have just had the figures for the past nine months and things are continuing in the same vein with turnover up 15 per cent and profits up 43 per cent.”
He joked that after AFC Fylde’s promotion success it is just as well since they might have to invest in a few more players for the new challenge against some big names.
He added: “Leyton Orient could play their last game in the Football League against Blackpool and then their first in the National League at AFC Fylde, that would be remarkable!”
The annual report stated: “The year’s trading has continued to be difficult but the strength of our brands and products has meant that we have still seen growth.
“The group has invested heavily this year to ensure we have capacity to meet our growth plans and as such we are in a strong position to enable us to continue to move forward.
“Export sales excluding Mill Farm Ventures represented 45 per cent of turnover for the year ended June 2016, which shows our strength in developing these markets.”