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Historic accounts reveals Middleby UK’s route out of Covid

MIddleby

Latest accounts from Middleby UK have underlined the strength of the company’s recovery from Covid.

Back in 2020, when the industry bore the brunt of the coronavirus lockdowns, Middleby UK’s sales declined to £8.2m.

But turnover recovered to £12.9m for the year to 31 December 2021, according to a financial report filed with Companies House this month.

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The Wigan-based company also recorded an operating profit of £677,000 in 2021 versus a loss of £77,000 the year before.

Middleby UK said net assets of the company climbed from £5.5m to £6m during the period, while inventory levels were increased during the year to mitigate shortages in the supply chain and ensure it could stock a wide variety of brands for immediate dispatch to customers and for chain roll-out programmes.

The historic accounts also reaffirm the steps Middleby UK took to strengthen the business for growth in 2021, including restructuring its outward sales teams, improving internal processes, launching a new website and extending delivery cut-off times.

It has also expanded its culinary team and rolled out a comprehensive events programme to showcase various equipment concepts to dealers and customers.

Middleby UK strengthens its board

Tags : Middleby UK
Andrew Seymour

The author Andrew Seymour

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