Family-run Norwich animal feeds firm Duffields reports pressure on margins

Alistair Duffield, chairman and managing director of Duffields at Saxlingham Thorpe. Picture: DENISE

Alistair Duffield, chairman and managing director of Duffields at Saxlingham Thorpe. Picture: DENISE BRADLEY - Credit: Copyright: Archant 2015

A family-run animal feeds firm has seen margins squeezed as it reported a fall in profits.

EDP/EADT Top 100 company Duffields saw its pre-tax profits drop to £1.68m, from £2.24m, for the 12 months to September 24 2016, according to accounts recently filed at Companies House.

The business, which has been led by the Duffield family for more than 125 years, increased turnover by £2.2m to £59.78m in the period thanks to the acquisition of Riverside Feeds.

However, according to its directors' strategic report, a fall in cost of raw materials has put pressure upon its margins.

Duffields, which has its headquarters at Saxlingham Thorpe Mills, south of Norwich, said like-for-like sales had remained consistent and the company would focus on cost efficiencies and maximising margins.


You may also want to watch:


The firm added the main risks facing the group were related to the volatile raw materials market.

Most Read

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus