Real Good Food has reported strong single digit revenue growth for the financial year ending 31 March 2020, driven by progress at cake decorating business JF Renshaw and food ingredients operation Brighter Foods.
During what it described as a ‘period of transition’, the group delivered adjusted earnings before interest, taxes and amortisation (EBITDA) of £3.3m, against £1.9m in the previous year. Revenue increased by 8.1%, from £61.6m to £66.6m.
Real Good Food now constitutes two main divisions, Cake Decoration (trading under the brand names of Renshaw and Rainbow Dust Colours) and Food Ingredients (trading as Brighter Foods). The two divisions were profitable and generated an adjusted EBITDA of £6.8m before central costs.
The Longview City Council approved a temporary business and occupation tax relief for small businesses and approved about $2.9 million in amendments to the 2019-2020 budget Thursday.
The council also rejected a motion to update property maintenance codes because councilmembers said it was not enforced equally, especially at the Alabama Street camp the city set up as a temporary housing site for homeless people.
Mayor Pro Tem Mike Wallin said he was against the state-mandated updates because âunequal enforcement of our code on those who are able to payâ and added that âpublic health officers and the like turn the other way for a special class and a special group in special places, which is not a fair and equitable application of the law.â
Longview City Council directs staff to explore small businesses tax relief tdn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tdn.com Daily Mail and Mail on Sunday newspapers.