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Les McKeown: The making of a global pop star | Midlothian Advertiser

Les McKeown: The making of a global pop star | Midlothian Advertiser
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Tayto online sales soar - but owners profit margin is just 0 3 per cent

Peter McGahan remembers his Tayto crisps costing 2p - but then inflation took over Gary McDonald Business Editor 16 April, 2021 01:00 ONLINE sales of tens of thousands of extra bags of its famous Tayto cheese & onion brand haven t translated into a major revenues boost for its owner Manderley Food Group, according to its latest accounts. The UK s largest producer of snack foods did swing back into a modest profit in the year to last June from a narrow loss in the previous 12 months. But over the year, revenues barely moved, coming in at £207.2 million against £207.8 million in 2019. And its bottom-line profit of £59,439 (against a previous-year loss of £115,515) was just a paltry 0.3 per cent of sales.

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What impact could snack sales have on reopened pubs?

Crunching numbers: ‘We know that less than 20% of people regularly buy a savoury snack with a drink and the main reason for not doing so is ‘I just didn’t think about it’,’ Matt Smith, marketing director for Tayto Group says. With the value sales of crisps, snacks and nuts in the UK’s pubs and bars totalling £24m pre-pandemic, The Morning Advertiser sinks its teeth into the art of the upsell. With a third national lockdown in the rear-view mirror and pub gardens open as of 12 April, the on-trade can look ahead to a summer of blue-sky drinking as Britain’s parched, pub-going public return to their locals.

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Harworth Group in £12 7m deal for former Golden Wonder food factory site

Submitting. It is located on Everite Road, Widnes, Towngate Business Park provides easy access to the M62 via the M57 (1 mile) and south to the M56 (1 mile), leading to the M6. The asset is fully let and generates rental income of £958,000 per annum. Harworth said the transaction was in line with its growth strategy and added it intends to invest in the estate, leveraging its asset management expertise to capture rental reversion and explore infill development opportunities over the medium term. The acquisition has been funded by proceeds from the company s active churn strategy in its income portfolio, recycling capital through the disposal of non-core assets or those where the Group has completed its asset management business plans. Most recently, this manifested in the £3.35 million sale of Lynfield Park, the former Alcan Rio Tinto smelter in Northumberland, in February 2021, ahead of book value.

United kingdomRichard bousfieldHead of income at harworth groupHarworth groupLittler associatesGolden wonderTowngate business parkBusiness parkEverite roadLynfield parkAlcan rio tintoBusiness spaceNorth westMetis real estate advisorsஒன்றுபட்டது கிஂக்டம்ரிச்சர்ட் பௌசிபிஎல்ட்

Place North West | Harworth makes £12 7m buy

Neil Tague Industrial developer Harworth Group has acquired Towngate Business Park, a multi-let industrial estate in Widnes, from Yorkshire property company Towngate. The asset is fully let and generates rental income of £958,000 per year with an average unexpired lease term of 4.3 years. The deal reflects a net initial yield of 7.1% and a reversionary yield of around 9.4%. Harworth was advised by Metis and Freeths, while B8 Real Estate and Littler Associates represented the vendor. Towngate Business Park, a former Golden Wonder factory, comprises 262,000 sq ft of industrial space, now divided into nine warehouse units ranging from 4,000 sq ft to 77,000 sq ft; along with 3.8 acres of open storage. Occupiers include Aggreko UK, Xpel Marketing, Initial Packaging and QA Flooring.

United kingdomNeil tagueRichard bousfieldHarworth groupLittler associatesTowngate business park widnesTowngate business parkBusiness parkGolden wonderAggreko united kingdomXpel marketingInitial packagingEverite roadLogistics northNorth westஒன்றுபட்டது கிஂக்டம்