Profits up at Wyke Farms as turnover reaches record high
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West Country-based cheesemaker Wyke Farms saw profits rise in the financial year ending 31 March 2020 because of significant growth in cheese exports.
The family run company – the UK’s largest independent cheesemaker – has recently filed its annual accounts, which show pre-tax profits rose from £2.999m in 2018-19 to £3.204m in 2019-20.
Turnover also rose from £97m to more than £107m, the highest in the company’s history.
Wyke said it had benefited from substantial growth in export sales to both the EU and the rest of the world, which had risen by 20%.